SOURCE: Century Capital Research
NEW YORK, NY--(Marketwire - Dec 12, 2012) - Graphite, commonly known for its use in No 2 pencils, is quietly finding new applications that are poised to greatly expand its demand in the coming years. Its traditional uses in the steel industry are still rising, especially in China, but also in lithium ion batteries, for companies like Apple and Samsung, hybrid electric (HEV) and electric vehicles (EV) for Nissan and GM, as well as in some recently announced new technologies like bendable flat touch screens and graphene computer chips. Demand is rising and people are taking notice, even the European Union (EU) has put graphite on its "Critical Raw Mineral Materials" list.
According to a recent report by Industrial Minerals magazine, the global graphite market is experiencing a "limited availability" of material and that "the days of cheap abundant supply from China is over" as demand and prices continue to surge. As of 2009, a US Geological Survey outlines the US having zero production of graphite, with all sources of the material being imported, over 70% coming from China and Canada.
Recently, USA Graphite (OTCQB: USGT) announced it has acquired a 100% stake in the Blue Wing Mountain Graphite property. Initial prospecting and geological analysis on the claims confirmed the presence of flake graphite at surface.
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