Flake graphite ore project in Inner Mongolia
The World Bank’s ‘Minerals for Climate Action’ report stated in May that demand for lithium, cobalt and graphite could climb by 450-500% by 2050 due to demand for electric vehicles and other applications.
China has started development of a flake graphite ore project in Inner Mongolia that targets annual production of 100,000 tonnes of graphite, negative electrode materials and graphene high-end materials.
The project is being built in the Inner Mongolian city of Bayannur with a total investment of 4.5 billion yuan (US$630 million), according to a report by state-run press agency Xinhua. Flake graphite is often used as a raw material for high-end precision instruments and battery anode material.
The mine’s output would help reduce a reliance on graphite imports, particularly from Syrah Resources’ Balama project in Mozambique, according to an analysis by commodity researcher Roskill. Total Chinese imports of flake graphite rose from 20kt in 2017 to 63kt in 2018 and 197t in 2019 – almost all from Balama.
“This new mine will go some way to fill the gap left by Syrah Resources’ original design plan (which is scaling down production); however, even more capacity is likely to be needed to 2030 and the longer term,” wrote Roskill.
- What Are The Major Natural Resources Of Macedonia?
- Who are the main players in the ore exploration business in Serbia
- How valuable is Kosovo’s mineral wealth?
- Australian Key Petroleum eyes Bosnia oil concessions
- UK Mineco's Fregat lead refinery in Russia listed on LME
- Gold’s Steady Rise Attracts Chinese Money to Russian Miners
- More opposition to Berkeley’s uranium mine in Spain
- Cunico Resources operations in Macedonia & Kosovo, links with Gabriel Resources-Romania Rosia Montana
- New Amendments to the Law on Geological Exploration and Mining in Serbia
- Rio Sava Exploration Ltd.: Spatial plan for yadarite exploitation and processing in Serbia