Graphite is used in electric vehicles’ (EVs) battery anodes, which is the negatively charged portion of a battery. Northern Graphite continued to supply customers from stockpiled inventories during that time. Sales at the mines increased more than 25% in the September quarter to 2,587 tonnes from 2,016 tonnes in the previous quarter. Jacquemin noted the company has immediate capacity available to supply the market. Northern Graphite also has the ability to scale quickly thanks to its Okanjande mine in Namibia.

Source: The North Africa Journal November 03, 2023 15:54 UTC