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The price for uncoated spherical graphite in China, another battery raw material, has increased twice over the course of a month after a prolonged period of flatness.
Industrial Minerals assessed the spherical graphite 99.95% C, 15 microns price at $2,700-2,800 per tonne fob China on April 12, up from $2,500-2,700 per tonne fob China a week earlier.
Demand for the material - a crucial feedstock for the anode component of lithium-ion batteries used in EVs - is increasing, suppliers reported, leading to what they describe as a situation of tightening availability, which is keeping prices elevated.
www.indmin.com/Article/3800753/Chinas-NEV-output-surges-in-Q1-vs-last-year.html