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NextSource Materials to collaborate on battery anode plant in Madagascar with Japanese and Chinese partners

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executed a Letter of Intent (LOI) with its Japanese offtake partner and a leading Chinese processor of graphite anode material to collaborate on the construction of a value-add, battery anode plant in a jurisdiction that is proximal to the Company’s Molo graphite project in Madagascar. Canada-based NextSource Materials Inc. Mt at 7.02%C.

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

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At the same time, consumption of graphite electrodes in electric arc furnaces (EAFs) began to rise as the Chinese government took steps to halt production of poor quality induction furnace steel. Just 6% of China’s steel is currently produced in EAF, far below the global average of 25%.

Price 207