Good afternoon. Among the positive signs of economic recovery in Mozambique is the gradual resurgence of the graphite industry. Government figures released last week say that graphite production is expected to rise by 10% next year, to just over 14,800 tonnes.
Last year, it was not clear if and when graphite production in Mozambique was going to restart. Australian graphite miner Syrah Resources, the main graphite mining business with an operational mine, was not able to produce graphite for much of the year, thanks to a combination of competition from cheaper Chinese synthetic graphite and disruptive protests.
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Since then, the protests have subsided and demand for graphite has continued to grow. The International Energy Agency forecast this year that global graphite demand would double between now and 2040. In addition, the Chinese government has placed restrictions on graphite exports, and this year the US government imposed punitive tariffs on Chinese graphite. Manufacturers of graphite anodes for electric vehicle batteries are increasingly looking to, or considering, sources outside China, and graphite miners in Africa are enjoying a revival as a result.
