Graphex Technologies Reinforces its Diverse Mine-to-Battery Global Strategy Following the Announcement of Graphite Export Limits from China
October 25 2023 - 6:30AM
Business Wire
As the industry faces an urgent need to
accelerate the build out of domestic infrastructure for critical
supply chains, Graphex issues an update on its diverse upstream
sources of quality raw material and domestic production
expansion
This move by China may compel more aggressive
collaboration between government, industry, and financial markets
to build out the necessary resiliency of the graphite supply chain
for the benefit of our economy and national security
Graphex Group Limited, together with its wholly owned U.S.
subsidiary, Graphex Technologies, LLC (“Graphex” or the “Company”)
(NYSE American: GRFX | HKSE: 6128), is pleased to comment on the
recent news out of China regarding new controls on graphite
exports, and to re-emphasize its strategic approach to deliver the
necessary anode material to meet the needs of North American
automakers and battery manufacturers for Lithium-ion batteries
required for EVs, energy storage, and other advanced use
cases..
Graphex has over a decade of large-scale graphite production
experience and is currently among the top 10 global suppliers of
specialized spherical graphite to the EV and renewable energy
industries. Through various deliberate agreements secured over the
last year, Graphex continues to secure raw graphite supply from
numerous sources across the globe and in doing so, is
well-positioned to bring large-scale domestic processing capability
online beginning in 2024.
“The announcement to place controls on graphite exports is a
loud wakeup call and a national security issue for the US and
Canada, plain and simple, and we have been preparing for this,”
said John DeMaio, CEO of Graphex Technologies. “As I shared
recently with Reuters, the news out of China highlights the urgency
to accelerate the build-out of domestic graphite supply, and
although sudden, the announcement is not entirely surprising given
that the Chinese graphite supply chain is mature, well-organized,
and self-contained, and the local markets that it supports are
growing. Adding in geopolitical tensions and IP concerns and this
pull-back was foreseeable.”
Graphex’s current and future offtake agreements for raw
materials emphasize the ex-China mine-to-battery approach preferred
and/or required by automakers in North America. Global
collaboration agreements with Graphex now include:
- Syrah Resources Limited, for natural flake graphite from
Syrah’s Balama graphite operation in Mozambique.
- Northern Graphite Corporation, to aggregate Northern’s
raw material in Canada and Namibia
- South Star Battery Metals, for supply from both Brazil
and the United States, through the Santa Cruz Graphite Project and
the Ceylon Graphite Project.
- Volt Resources, to provide graphite from its Bunyu
Graphite Project in Tanzania
- Gratomic, for the natural graphite from its Aukam
Project in Namibia
- Reforme Group, to provide material from its secured
mineral deposits across Australia
“We recognized early on the vulnerability of the lopsided
dependency on China for graphite supply, and since early 2022 we
have been hyper focused on creating a completely separate ex-China
graphite supply chain for North America,” added DeMaio. “The recent
news only validates that our strategy continues to be sound, the
need to accelerate growth is more urgent than ever, and prospects
for the future in the industry are bright.”
About Graphex
Graphex is a multinational technology company focused on the
development of technologies and products to enhance renewable
energy, particularly the refining of natural spherical graphite,
synthetic graphite, and graphene-related products - key components
in EVs/Lithium-ion batteries as well as in other uses. Graphex has
extensive commercial experience in the deep processing of graphite
and producing battery grade graphite anode material. Current
production is 10,000 tonnes per annum (tpa) with a current
expansion underway to increase production to 50,000 tpa within the
next 18 months,100,000 tpa over the next 36 months, and to 150,000
tpa or more by 2030. Graphex is currently among the top suppliers
of specialized graphite anode material to the EV and renewable
energy industries and holds patents in areas including products,
production methods, machinery design, and environmental protection.
Graphex’s strategy is to expand its operations globally to support
energy transition and electrification efforts worldwide.
To learn more about Graphex Technologies, please visit
www.graphexgroup.com.
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Corporate: Graphex Group info@graphexgroup.com
www.graphexgroup.com
Public Relations: FischTank PR graphex@fischtankpr.com
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