30 C
Supported byspot_img

Beowulf Mining notes Grafintec working to establish graphite facility

Member of Europium Groupspot_img
Supported byspot_img

Beowulf Mining PLC on Monday noted that its Finnish subsidiary Grafintec Oy is working on establishing a facility for processing graphite, focused on the European battery industry.

The Sweden, Finland and Kosovo-focused mining company said it recently appointed AFRY Finland Oy to undertake the environmental impact assessment which is aimed to be completed in the first quarter of 2024.

Grafintec Managing Director Rasmus Blomqvist said: “Benchmark Mineral Intelligence has reported that the battery industry in Europe is predicted to require at least 1.3 million tonnes of graphite anodes by 2030, which can be compared to today’s requirement of about 160,000 tonnes. The EU would like a secure supply of both graphite and anodes to meet this demand, rather than relying on imported graphite, predominantly from China.

Supported by

“By entering this growing market at an early stage, Grafintec can assume a strong position in anode manufacturing. This, coupled with future production from its own projects, will enable Grafintec to become a self-sufficient manufacturer of high-quality anode material for the European battery industry.”


Source: Market Screener

Supported byElevatePR Digital

Related News

Rio Tinto Assures on 2500 Pages – There is a Solution for Every Danger

Rio Tinto executed a move announced six months ago – they published drafts of environmental impact studies on how harmful the lithium mine in...

Geopolitical struggle over Central Asia’s rare-earth reserves

Central Asia, encompassing Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, Afghanistan and Mongolia, holds vast untapped reserves of rare-earth minerals. Recent global developments have thrust these...

Critical Materials Act: Europe’s strategy for securing green technology supply chains

In May 2024, the EU Critical Raw Materials Act (CRMA) came into force, setting ambitious benchmarks for the domestic production and diversification of strategic...

Critical materials and the path to resilience: Europe’s quest for technological independence

The sustainability and resilience of modern economies hinge critically on the availability and management of key raw materials, such as lithium, cobalt and nickel....
Supported by
Supported by
Supported by
error: Content is protected !!