The world will need an estimated 97 natural flake graphite mines to meet the required projected demand. With its huge graphite potential, Quebec is aiming to become one of the world’s largest battery material mining and manufacturing centers.
Last August, Ford and LG announced they are investing $1.2 billion in the development of a cathode manufacturing plant in Quebec to provide materials that ultimately supply batteries for Ford’s electric vehicles. The growth of the battery manufacturing sector in Quebec will generate increased demand for a domestic graphite supply.
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