Nextsource Materials Inc (NSRCF)

[Venturer1]

Both the United States and China have set mandatory production targets for electric and hybrid electric vehicles at one million vehicles each by 2015-2016.

It is estimated that batteries for two million electric vehicles will create a demand for an additional supply of 160,000 tonnes per year of high-value purified graphite. Global production of flake is currently estimated at 500,000 tons per year.