VFBATTERY REPORT

Raw Materials

Pages 164–181 (18 pages)

Battery Report 2023, page 178: Raw Materials
Text on page 178

Raw Materials

Graphite 101

Graphite 101

Natural vs. synthetic graphite Natural graphite is mined from the earth Synthetic graphite is derived from petroleum coke

Rules of thumb: ~0.45 kt of natural graphite consumed per kt of anode ~1 kt of synthetic graphite precursor consumed per kt of anode ~1.2 kt of graphite anode material per GWh of battery capacity Source: S&P/Battery Materials Review, IEA, Nouveau Monde Graphite

Natural graphite is cheaper and much less carbon intensive to produce. Synthetic graphite is favored for its higher purity and predictable performance, and benefits of faster charging and longer cycle life. It also takes less time to build a synthetic graphite plant vs. bring a mine to production.

Extracted from the PDF; charts and images may read imperfectly.

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