"China produces about 70% of the world’s graphite alone but is experiencing slowing growth and reserve depletion.. ..
The nation is also continuing to consolidate and reduce the number of graphite mines in Hunan province from 230 to 20 mines which will constrain global supply further with a loss of around 100,000 tonnes per annum, or 10% of annual global graphite supply, forecast.
.. Based on demand and supply fundamentals it is unlikely that graphite will return to its past lows and the price of graphite has the potential to rise even further.."