Graphites Moment: U.S. Miners Gain as EV Demand Soars, China Tensions RiseGraphite, the humble pencil lead, is making waves in the electric vehicle (EV) battery market, stealing the spotlight from graphene. U.S. mining companies like Titan Mining, Northern Graphite, and Syrah Resources are seeing significant share price increases due to restarting graphite production and meeting growing demand.Chinas dominance in processed graphite supply, with over 90% of the worlds supply, has raised concerns about reliability and supply chain disruptions. The U.S. imports around 180,000 metric tons of processed graphite annually, mostly from China.Tariffs imposed on Chinese anode-grade graphite by the U.S. in July have further strained relations and opened opportunities for U.S. suppliers. Battery costs could surge by $7 per kilowatt-hour, potentially trimming tax credits from the Inflation Reduction Act. However, Tesla and Panasonic argue that domestic supply cannot yet meet the increased demand.As tensions between the U.S. and China escalate, the focus is shifting towards North American graphite sources to secure the EV boom.

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