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LION Situated to Take Advantage of the EV Boom Creating a 500% Increase in Graphite Demand


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
LION Situated to Take Advantage of the EV Boom Creating a 500% Increase in Graphite Demand
Global Li-Ion Graphite CorpFebruary 1, 2021 GMT
VANCOUVER, British Columbia, Feb. 01, 2021 (GLOBE NEWSWIRE) Global Li-Ion Graphite Corp. (“LION” or, the “Company”) (CSE: LION) With China controlling 70% of the worlds Li-Ion Battery graphite and their ongoing decision to cease exports of any Graphite, this leaves a vacuum for LION and producers outside of China to step up and fill the growing shortage of high-grade Graphite. LION’s Ambato-Arana Malagasy Graphite mines supplied high grade graphite to a hand full of European Industrial Companies up until 2012. Madagascar is ideally situated to supply India, China and Europe with high grade graphite for Batteries and industry. ....

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