Canada is leading the world in the hunt for new graphite supply. The boom in the exploration-friendly province of Quebec has spearheaded the drive after investors became hooked on graphite’s anode role in electric vehicle batteries.
Canada is leading the world in the hunt for new graphite supply. The boom in the exploration-friendly province of Quebec has spearheaded the drive after investors became hooked on graphite’s anode role in electric vehicle batteries.
The timing coincided with the graphite supply squeeze of 2011, which effectively doubled prices, forcing high-quality +80 mesh, 94-97% carbon flake over $2,000/tonne. The story and industry dynamics were attractive to newcomers and independent and retail investors resulting in a flood of new companies.
The number of active companies in the sector has surged since mid-2011. The number of projects in mid-July stood at 110. All of these are flake graphite projects, except for one located in central-Ontario and operated by Zenyatta Ventures Ltd, which is the Albany vein graphite deposit, similar to that found in Sri Lanka.
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