- As more and more consumers choose to curb their environmental input and governments prioritize decarbonization in a bid to fight climate change, the electric vehicle industry is gaining momentum; this achievement owes much to the progress made in critical minerals
- Graphene, a form of graphite that is just one atom thick, emerges as a wonder material with a wide range of potential uses; it is being explored as a potential replacement for traditional Li-ion batteries
- Poised to produce a critical mineral in America for American customers, Reflex aims to re-activate previous supply of graphite and has recently also made a strategic investment into BGS, a graphene cleantech producer, to leverage complimentary fit to its supply chain solution goals
In line with the rapid expansion of the electric vehicle (“EV”) industry, the demand for battery production is experiencing rapid growth, with over five terawatt hours (“TWh”) per year of gigafactory capacity expected globally by 2030 (https://ibn.fm/smgqT). A sector that has paved the way for this success story over the past years is the critical minerals industry. Here, graphite, a key component in lithium-ion batteries that power most of today’s EVs, attracts much attention as consumers adopt electric vehicles and governments design policies to reduce carbon emissions. “With the supply chain that really hasn’t started yet, you think of all these gigafactories, all these big companies that are announcing these big, big plans to have terawatt-sized businesses, which is fantastic. We like shiny things and getting involved with this stuff, but where are these critical elements coming from?” said Paul Gorman, CEO and Director, Reflex Advanced Materials (CSE: RFLX) (OTCQB: RFLXF), a mineral exploration company based in British Columbia, as he explained the main industry challenges in a recent interview during Benchmark Mineral Intelligence’s World Tour Toronto 2023 (https://ibn.fm/BPVpn).
As a form of carbon, graphite makes a perfect anode material and, as such, dominates today’s commercial lithium-ion battery market. Still, as the industry continues to evolve, another material to burst onto the critical minerals scene. Graphene, a one-atom-thick form of graphite, has also emerged as a key…
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