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US DFC approves $150M conditional loan commitment for Balama graphite mine in Mozambique

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The US Development Finance Corporation’s (DFC’s) Board of Directors approved the provision of up to $150 million in financing to Twigg Exploration and Mining—a wholly-owned subsidiary of Australia-based Syrah Resources Limited—to fund investments in the company’s graphite mining and processing operation in Balama, Mozambique.

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Tesla turns to Mozambique mine to acquire graphite for its EV batteries: report

Teslarati

A recently shared report has indicated that Tesla is looking to source some key battery materials such as graphite from locations outside China. Among these is reportedly one of the world’s largest graphite mines in Balama, Mozambique, which is operated by Australia’s Syrah Resources. .

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Panasonic invests more in graphite supply for the North American market

Teslarati

The deal with NMG will further solidify Panasonic’s goal to strengthen its EV battery supply chain in North America. The Tesla battery supplier also plans to invest additional funding of USD$ 150 million with co-investors. The Canadian company will produce anode active materials at its battery material plant in Bécancour.

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DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

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billion to 21 projects to expand domestic manufacturing of batteries for electric vehicles (EVs) and the electrical grid and for materials and components currently imported from other countries. The US Department of Energy (DOE) is awarding a combined $2.8 Earlier post.) Of that, $1.6 Materials Separation & Processing (Cathode Minerals).

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Roskill: graphite prices could push higher on tightening markets for batteries & electrodes

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The tight supply/demand situation for graphite electrodes is expected to persist for much longer than many market observers expect. Meanwhile, needle coke is being increasingly diverted into the battery market. Batteries underpin growth in natural graphite.

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Roskill: graphite prices still rising on high Chinese electricity costs

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Roskill noted that battery grades are particularly affected as both the manufacture of synthetic graphite and the processing of spherical graphite from natural flake are known for their high levels of energy consumption. The company reported its production in Mozambique as 25kt in Q3, down from 29kt in Q2.

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Mitsubishi Chemical strengthens production capacity of graphite anode materials in China; possible production in Europe and US

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The market for Li-ion batteries for automobile applications is expected to grow about 30% annually on average. Pari passu , demand is increasing for high-quality and eco-friendly anode materials, a key component of the batteries, available for automotive applications.