Global graphite overcapacity to accelerate in 2019, Chinese producer warns

Overcapacity in the global graphite market expanded this year due to more projects coming online despite lower demand, according to Xia Xiaomin, vice general manager of Heilongjiang Pride New Material Technology.

Global graphite capacity in 2019 has grown to 1.8 million tonnes from 1.3 million tonnes a year ago, according to data the graphite products and anode products producer presented at the Chinese Graphite Industry Association conference last week. Most of this additional capacity comes from outside China, Xia said, with capacity in ex-China markets rising to 470,000 tonnes in 2019, from 330,000 tonnes a year ago. “Mozambique, Tanzania and Madagascar were the most notable emerging production hubs, bringing online lots of new graphite mining projects and potential new capacity there,” Xia told conference delegates. African flake graphite supply to China has risen sharply this year, particularly after a number of countries...

Published

Huaqing Fu

October 21, 2019

10:41 GMT

Shanghai