It is widely known that graphite is used in the automobile and steel industries. Besides the classical markets, there are new and ever-growing markets, such as lithium-ion batteries, being driven by the megatrends of digitalization and the Internet of Things. Of global graphite production, 70% is being accumulated by China.
For meeting its own population‘s huge demand, China is already trying to keep the graphite inside of its own borders by applying export duties. Not least, these measures caused the increase of graphite prices, which oscillated $500-600 around the turn of the millenium. Reaching their peak in 2012 at roughly $3,000 per metric ton (mt), the prices quickly plummeted under the level of $2,000.