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Northern Graphite closes acquisition of two graphite mines; 3rd largest non-Chinese graphite company

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Canada-based Northern Graphite Corporation has closed its previously announced acquisition of the producing Lac des Iles graphite mine (LDI) in Québec from a subsidiary of Imerys SA and the Okanjande graphite deposit/Okorusu processing plant in Namibia from a subsidiary of Imerys and its joint venture partner. Sprott invested CDN$3.75

Namibia 284
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Benchmark: Africa’s lithium production to increase >10x this decade; potentially 12% of global supply

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A total of 83% of forecast lithium supply is set to come from projects with some form of Chinese involvement, according to Benchmark. Of the critical battery minerals, cobalt is the one with which Africa captures the largest share of the upstream mining.

Namibia 195
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Walkabout Resources’ Tanzanian graphite project moves to construction phase

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In addition to the Lindi Jumbo Project, Walkabout is also exploring in south west Tanzania at the Amani Hard Rock Gold Project and southern Namibia at the Eureka Lithium Project. Roskill notes that Lindi Jumbo is one of a number of Australian-backed flake graphite projects worldwide, many of which are focused on Africa.

Tanzania 418
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Roskill: graphite prices could push higher on tightening markets for batteries & electrodes

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At the same time, consumption of graphite electrodes in electric arc furnaces (EAFs) began to rise as the Chinese government took steps to halt production of poor quality induction furnace steel. Meanwhile, needle coke is being increasingly diverted into the battery market. Batteries underpin growth in natural graphite.

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