Jul 26, 2019 Pageview:563
Silas Resource Company will start production of its November in Mozambique Balama graphite ore used for electric vehicles battery market.
Global scramble for graphite, goods such as cobalt and lithium, these goods are for mobile devices and rechargeable electric vehicle power supply lithium ion batteries key components.
Syrah, chief executive of ShaunVerner told Reuters in a telephone interview: "in the next few years growth market and our focus is on lithium ion batteries."
Werner said Silas hoped natural flake graphite market more than double in the next eight years, from the current 700000 tons to 1.6 million tons. Battery industry occupies most of this demand.
The current battery demands of about 200000 tons, accounting for 30% of the market.
Werner said: "we were about 70% of production...Battery industry demand for smaller flake products.
Balama mines and factory production capacity is 350000 tons a year, the company's first annual production capacity of 160000 tons to 180000 tons, three years to reach full production, and cut the dominance of China, 60% of the current global supply from China.
If the current forecast remains unchanged, by 2020 it will provide a 35% to 40% of the global supply.
"In the first four months, we operate we have exported to 13 countries in Asia," said Werner, most go to China, Japan and South Korea. In Europe, Germany has been the biggest consumer.
Close to the surface and easy to access resources.
Graphite through Nacala port exports, from northern Mozambique within the mine through 500 kilometers (300 miles) away from there by highway.
A South African green Luo Deyou logistics contract, provide road transport and warehousing.
Southern African countries infrastructure challenges extremely slow, less developed, hindered the development of the coal sector. Mozambique has a huge sea natural gas reserves, are put into commercial production.
In recent years Mozambique's remote northern and central parts of security incidents and bandits attack, however, Werner said the project was not affected.
He said: "we from exploration to the front of the development and construction have yet to see any security problems."
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