OIES – Western Battery Graphite Markets: Is There Hope Ahead

The report by Oxford Institute for Energy Studies "Western Battery Graphite Markets: Is There Hope Ahead?" examines the critical role of graphite in global energy transitions. Often overlooked, graphite is a vital component in energy transitions, primarily used in battery anodes and steel industry electrodes. The global market is dominated by China, which controls a significant portion of the supply chain. Recent geopolitical tensions have led to increased tariffs and calls for industry protection in the US. The report highlights strategic trends, such as the rising demand for lithium-ion batteries and electric arc furnace technology. It also discusses the entry of oil companies into the graphite market, leveraging their capabilities to produce synthetic graphite. As Western producers face equity pressures, the future of graphite markets remains uncertain, prompting discussions on industrial support policies.