Overview

The projected demand for natural graphite increasingly places it in the category of a critical strategic material in the world's resource supply. Current consumption is approximately 1.1 million metric tonnes per year. Growth in traditional and high-technology sectors, particularly areas such as the use of lithium-ion batteries in electric and hybrid electric vehicles (EV and HEV) is expected to push this figure to well in excess of 1.5 million tonnes over the next five to ten years. Much of this supply, like rare earth metals, has traditionally come from China. Over the past two years China has dramatically increased internal consumption and imposed restrictions on all exports. This has created a distinct opportunity for MEGA Graphite to offer global customers an alternate, cost-effective and secure supply of high-quality graphite flake through its Canadian and Australian properties.