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Graphite market grows with stable China prices; major projects and JV deals underway

Market News
27 May 2026
Seeking Alpha
View Source
Neutral
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China's battery-related flake graphite spot prices remained mostly flat over the past month, keeping prices low. The global graphite market is expected to grow from USD 22.1 billion in 2026 to USD 34.8 billion by 2034, at a CAGR of 6.1%. Key developments include NMG securing US$309.5 million in equity financing to start the Matawinie Mining Project, Metals Australia's Quebec Anode Project showing strong financial metrics with a post-tax NPV of US$1.39 billion and IRR of 25.6%, and a binding joint venture between International Graphite and Alkeemia to build a major graphite processing hub in Italy. These moves highlight growing investment and infrastructure development in the graphite sector, driven by demand from electric vehicles and energy storage industries.

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