RANKING:
9
ELEMENT
NAME AND SYMBOL:
Carbon
(Graphite) (C)
RELATIVE
SUPPLY RISK INDEX:
8.1
WHY?:
80%
of production is controlled by China making the rest of the world vulnerable to
their export taxes and VAT. Additionally the demand of the highest quality
graphite is rising, due to its use in lithium-ion batteries. The USGS predicts
that general graphite demand could double by 2020.
LEADING
PRODUCER:
China
TOP RESERVE HOLDER:
China
WHY
THE DEMAND?:
Graphite
has many applications beyond the humble pencil lead (although that does still
account for 4% of our annual usage of graphite). It is an electrical and
thermal conductor, and therefore lends itself to be used as a lining in blast
furnaces and in electrodes amongst other uses. It also has a role to play in
steelmaking and making batteries and brake linings.
One
exciting future development in how we use graphite may be from extracting
graphene, which occurs naturally within the element. It is one of the strongest
substances known and so will be in great demand, but at the moment is extremely
costly to separate so new technologies need to be developed.
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