- In April 2023, NextSource Materials Inc. successfully launched its Molo Mine in Madagascar, with an annual production capacity of 17,000 tons of graphite. The company is also poised to begin production at its battery anode plant in Mauritius in 2024, with an expected capacity of 3,600 tons per year. The development of the Molo Mine and the planned Mauritius facility not only contributes to securing a reliable supply of natural graphite but also aligns with global efforts to reduce reliance on mined graphite by enhancing the potential for graphite recycling in the future
- In January 2023, Showa Denko K.K. and Showa Denko Materials Co., Ltd. merged to form Resonac Holdings Corporation. The graphite division of Resonac is now headquartered in the U.S., positioning the company as a significant player in the global graphite industry. The strategic focus of Resonac's graphite division further underscores the importance of sustainable sourcing and recycling as the demand for graphite continues to rise
- In October 2024, Hazer Group and Mitsui & Co. announced the extension of their strategic collaboration focused on the advancement of Hazer Graphite, with an emphasis on sustainable graphite production. Hazer’s proprietary technology, which converts natural gas into hydrogen and synthetic graphite, is a key innovation in building a more sustainable and resilient supply chain for graphite—particularly in critical sectors such as electric vehicles (EVs) and battery storage. This initiative is highly relevant to the global graphite recycling market, as it complements recycling efforts by diversifying sustainable graphite sources and reducing dependence on traditional mining
- In July 2024, BASF and Graphit Kropfmühl, a subsidiary of AMG Critical Materials, entered into a strategic partnership aimed at reducing the carbon footprint of graphite production. As part of the initiative, BASF is supplying renewable energy certificates to Graphit Kropfmühl’s Hauzenberg facility, resulting in a minimum 25% reduction in the product carbon footprint of the graphite produced at the site. This sustainably sourced graphite is utilized in BASF’s Neopor insulation materials, further enhancing the environmental performance of its product portfolio. This initiative is highly relevant to the global graphite recycling market, as it emphasizes the growing demand for low-carbon graphite solutions
- In December 2023, Graphite India Limited, a leading graphite producer based in India, announced the acquisition of a 31% equity stake in Godi India, a company specializing in battery materials manufacturing. This strategic investment marks Graphite India’s entry into the advanced battery materials sector, aligning with the increasing demand for energy storage solutions and electric mobility. This development holds significant relevance for the global graphite recycling market, as the integration of upstream graphite production with downstream battery applications highlights the importance of sustainable material sourcing
