Squeeze On China An Opportunity For Australian

An Australian company which has won Japanese backing to develop high grade graphite deposits out of east Africa to market into Europe says the sector should take heart from supply and regulatory pressures on the commodity’s historic powerhouse, China. Addressing the inaugural Paydirt 2016 Australian Graphite Conference in Perth today, Perth-based Kibaran Resources’ Managing Director, Mr Andrew Spinks, said that while China had been the world’s largest producer and consumer of graphite, market sentiment was turning elsewhere. “The current total global graphite market of around one million tonnes p.a. is dominated by China and of this, about two thirds is for natural graphite,” Mr Spinks said.