The electric vehicle (EV) industry has undergone rapid development this year, with a rise in global EV sales volumes prompting continuous growth in demand for China's spherical graphite. This demand, coupled with tightening supply in the country, has kept prices for the material well supported.
Rising demand from EV sector pushes China's graphite exports upChinese exports of spherical graphite, including coated and uncoated material, totaled 4,762 tonnes in November, up 14% from the 4,164 tonnes exported in the same month a year ago, according to data collected by Fastmarkets.Total exports over the January-November period stood at 50,075 tonnes, marking an increase of 36% from the 36,871 tonnes exported in the corresponding period of 2017.Market participants told Fastmarkets that this increase is largely due to the increased demand...