The world may not have enough spherical graphite to meet demand for the growing lithium-ion battery market, but we may not need it with testing confirming that EcoGraf (ASX: EGR) can produce high purity graphite from low value by-products.
The EcoGraf(™) Process has been undergoing rigorous testing in Europe over the past 18 months with EcoGraf now receiving confirmation from two leading European industrial customers that their non-hydrofluoric purification process has enabled the produced graphite to meeting strict chemical specifications for use in lithium-ion batteries.
With the processed graphite product qualified, EcoGraf can now commence sales arrangements for their value-added fines which will be produced at their Kwinana facility in Western Australia. It is the first of its kind constructed outside of China and will offer customers with cost-competitive purified spherical graphite which is predominantly produced in Africa and China from natural resources.
Production capacity in China, however, is declining with attention being turned to African nations Tanzania, Madagascar and Namibia but even with the increased exploration and project development, a shortage of battery-suitable graphite still looms with industry experts predicting a supply squeeze around 2025.
Considering a typical lithium-ion battery comprises almost 50% mass in graphite, recycling old lithium-ion batteries is a core element for sustainable production of elective vehicles and power storage batteries.
Upon release of EcoGraf’s new European testing results, shares in EGR rose to a high of $0.067, a 17% rise on the previous day’s close of $0.057.
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, a bloodstock enthusiast and former equities analyst.
Latest posts by Alfred Chan (see all)
- Harris Technology to expand refurbished tech division amid rising demand from cost-conscious Australians - April 30, 2025
- Harris Technology secures major investment from Taiwan’s FSP Technology at 100% premium - March 10, 2025
- ARC Funds acquires 30% of auzbiz Capital as latest direct-to-investor marketing venture - October 8, 2024
Leave a Comment
You must be logged in to post a comment.