Benchmark forecasts Africa to increase its share of global graphite production from 15% in 2021 to 40% in 2026. In contrast, China is set to fall from 68% to 35%, according to Benchmark’s Flake Graphite Forecast. The increased supply from Africa could help diversify global battery supply chains, if processing capacity is built outside of China. Benchmark data shows that China currently has 81% of the world’s cathode manufacturing capacity, 91% of the world’s anode capacity and 79% of the world’s lithium-ion battery capacity. China also dominates global lithium refining and processing.

Source: The North Africa Journal August 07, 2022 09:36 UTC