Graphite prices fell in 2023, but the electric vehicle and energy storage revolution continues to pick up speed. This means market watchers are keeping an eye on the material, which is key for lithium-ion batteries.
A major factor experts are watching is China’s export restrictions on certain graphite products. They took effect on December 1, and require Chinese exporters to apply for special permits to ship the material to global markets.
“During 2023, we have already seen graphite companies securing funding from US and EU government initiatives to develop their mine projects and battery-grade anode material plants to develop supply chains outside China,” Dr. Nils Backeberg, co-founder and director of market intelligence firm Project Blue, told the Investing News Network.
Against that backdrop, a number of Canadian graphite stocks have seen strong year-to-date gains in 2023. Below is a look at the year’s top graphite stocks on…
