Whats even more astonishing is that Tesla's factory is only 1 out of 17 giga factories currently being build around the world. Thats why the demand will definitely skyrocket $GRXXF
Recent developments such as Tesla plans to manufacture lithium-ion batteries indicate the promising future for graphite. More applications of lithium-ion batteries in electronic devices will facilitate the growth in demand for graphite. In 2013, the global market for graphite was valued at US$ 13.6 billion, and is projected to increase at 3.70% CAGR and reach US$ 17.5 billion in 2020.
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