LONDON, Oct. 3, 2024
/PRNewswire/ -- Fastmarkets, a leading price-reporting agency (PRA)
renowned for its cross-commodity market analysis and price data, is
proud to announce the launch of a price assessment for US graphite
flake. This new pricing benchmark aims to provide greater
transparency and reliability for battery manufacturers, graphite
producers and investors.
The timing of this price launch aligns with recent shifts in the
global regulatory landscape and burgeoning demand for battery-grade
materials. Graphite is a crucial raw material in the anode of
lithium-iron phosphate (LFP) and nickel-cobalt-manganese (NCM)
batteries.
Interest in regional graphite prices has spiked following the
implementation of China's export
controls on graphite as well as the US Inflation Reduction Act
(IRA) and updated Section 301 tariffs. These last two regulatory
changes reflect the US government's ambition to establish a more
independent graphite supply chain, which Fastmarkets anticipates in
turn to create a distinct market in terms of pricing.
US graphite demand is set to rise by more than 600% to almost
700,000 tonnes by 2034, according to Fastmarkets principal analyst
Amy Bennett.
"This is a pivotal moment in the US graphite sector, with the US
aiming to de-risk from China and
become more self-sufficient in the graphite space, particularly for
battery-grade materials," Bennett said. "The combination of
incredible growth and the impact of the IRA and Section 301 tariffs
will by necessity prompt the development of a US pricing premium -
Fastmarkets has the expertise to deliver this new price to the
market."
Fastmarkets is committed to bringing transparency to commodity
markets that support the transition to a low-carbon economy. This
new graphite price is tailored to meet the needs of the energy
transition, focusing on battery-grade graphite. It will serve as a
valuable tool for domestic graphite producers and consumers, as
well as the broader battery supply chain. This aligns with
Fastmarkets' commitment to supporting the growing interest in
sustainable and efficient energy solutions.
"The launch of this US graphite flake price assessment marks a
significant step forward for the industry, providing much-needed
transparency and a reliable benchmark for market participants and
potential investors," said Grace
Asenov, Fastmarkets' base and energy metals editor for the
Americas. "This new price complements existing benchmarks in
Europe and Asia, providing a comprehensive view of the
global graphite market."
Email media@fastmarkets.com to connect with our team
and find out how Fastmarkets can help you.
ABOUT FASTMARKETS
Fastmarkets is an industry-leading PRA and information provider
for the agriculture, forest products, metals and energy transition
commodities' markets. Fastmarkets serves its customers with
commodity benchmark prices and assessments, forecasts, analytics,
insights, news and events. Its data is critical for customers
seeking to understand and predict dynamic, sometimes opaque
markets, enabling trading and risk management.
Fastmarkets is a global business with a history dating from 1865
and is built on trust and deep market expertise. It has more than
650 employees spread across several global locations including the
UK, US, China, Singapore, Brazil, Bulgaria, Belgium, Ukraine and Finland.
Fastmarkets is a privately held UK-registered company owned by
its shareholders and Astorg, a European private equity firm.
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SOURCE Fastmarkets