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Graphite One Inc.: Graphite One Comments on New U.S. Presidential Executive Order Elevating EV Battery Sector as Critical Supply Chain


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( Graphite One or the Company ) offers the following comment on a new Executive Order (EO) issued by U.S. President Joseph R. Biden on February 24, 2021, aimed at strengthening critical U.S. supply chains. The EO identifies three technology sectors as critical supply chains: advanced semiconductors, high-capacity batteries, including Electric Vehicle (EV) batteries , and pharmaceuticals. The EO also identifies critical minerals and other… strategic materials as a fourth supply chain, essential to technology manufacturing and the Defense Industrial Base. In addition to being a U.S. Government-listed Critical Mineral, graphite is an essential material for both the renewable and EV Battery sectors, and for advanced semiconductor manufacturing. ....

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Baystreet.ca - Supply Critical Graphite Creating a Sizable Investment Opportunity


Supply Critical Graphite Creating a Sizable Investment Opportunity
The global community must have access to graphite supply outside of China. At the moment, China controls 70% to 80% of the world’s graphite supply, according to Northern Graphite. China also makes almost 100% of the graphite anode material critical for lithium batteries and electric vehicles. To secure supply outside of the region, the U.S. and the European Union have named graphite a supply critical material. The USGS for example includes graphite on its list of 35 minerals and metals considered critical to the United States.
After all, graphite production needs to more than double over the next five years, according to Northern Graphite, to meet the demands of lithium ion batteries and auto companies. Graphite is a key component of the green economy, for use in lithium ion batteries, fuel cells, grid storage, and many other key technologies. ....

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