Richard Clark, Senior Technical Specialist at Morgan is at the 2016 International Lithium & Graphite Conference in Shenzhen today to discuss the exponential growth of the lithium-ion battery market and its impact on global graphite supply.
Richard Clark, Senior Technical Specialist at Morgan is at the 2016 International Lithium & Graphite Conference in Shenzhen today to discuss the exponential growth of the lithium-ion battery market and its impact on global graphite supply.
Presentation on flake graphite industry at GMP Securities day in London, June 2014
Focuses on the future of the industry in tradition markets like steel refractories and new demand such as Tesla Motors' Gigafactory
Richard Clark, Senior Technical Specialist at Morgan is at the 2016 International Lithium & Graphite Conference in Shenzhen today to discuss the exponential growth of the lithium-ion battery market and its impact on global graphite supply.
Presentation on flake graphite industry at GMP Securities day in London, June 2014
Focuses on the future of the industry in tradition markets like steel refractories and new demand such as Tesla Motors' Gigafactory
Rare Earth Magnets: Yesterday, Today and Tomorrow.John Ormerod
The global permanent magnet market is dominated by rare earth magnets based on the Nd2Fe14B phase accounting for over 60% of total sales. The current status of material development and processing technologies will be reviewed. With the forecast growth in applications e.g. in both ICE and HEV/EV markets, the search for alternatives to the current Nd, Pr and Dy alloy compositions is being pursued. Also microstructure engineering through thermomechanical processing is being developed to enhance magnetic performance with lower rare earth content. In addition recycling strategies for EOL magnets are receiving increased attention. These technologies and market drivers for the rare earth magnet industry will be discussed. An update on the latest status of the Hitachi Metals patent litigation will also be presented.
What’s New in Materials, Applications and PatentsJohn Ormerod
The latest developments in Dy-diffused high temperature NdFeB grades, NdFeB radially oriented rings, Fe16N2, higher energy product bonded magnets and 3D printing will be discussed. An update on the permanent magnet market and application drivers together with the history and latest status of the Hitachi Metals patent litigation will be presented. Magnetic refrigeration systems (MRS) based on the magnetocalorific effect have the potential to be a major new application area for magnetic materials. The recent announcement of a commercial MRS refrigeration display case will be discussed.
Bonded Magnets 2016: Current Status and Future DevelopmentsJohn Ormerod
The global production of rare earth based bonded magnets is estimated to be $750 million in 2015. When the production of ferrite based bonded magnets is included the bonded magnet segment of permanent magnets is a very significant but often overlooked class of permanent magnet materials. In this presentation the main types of current materials and processing steps will be reviewed together with the latest developments in materials and novel manufacturing technologies e.g. additive manufacturing (3D printing). In addition the major applications and market drivers will be discussed.
The Energy Opportunity in Oil & Natural Gas: Crude Oil is Only the BeginningPLG Consulting
On June 3, 2013, Gordon Heisler, Senior Consultant at PLG Consulting presented at the American Railway Development Association’s 107th Annual Meeting in San Francisco, CA. Gordon’s presentation, entitled “The Energy Opportunity in Oil & Natural Gas. Crude Oil is Only the Beginning,” analyzes and forecasts the dramatic impact of shale oil and gas which has upended traditional logistics and trading patterns in the energy industry, starting an industrial renaissance in the US.
Permanent Magnet Options: How To Select The Optimum Solution For Your Applica...John Ormerod
The objective of this presentation is give a flavor of the material options available and highlight some of the important factors and point out a few misconceptions when it comes to selecting the best magnet option.
Asia Pacific was the largest geographic region accounting for $0.54 billion or 38% of the global market. USA was the largest country accounting for $0.27 billion or 19.01% of the global graphite mining market.
Read Report
https://www.thebusinessresearchcompany.com/report/graphite-global-market-report-2018
The role of magnesium and other alloying elements in aluminium alloy producti...Martin Tauber
The role of magnesium and other alloying elements in aluminium alloy production and recycling
• Which series of alloys contain magnesium and what are the main applications?
• Examining the supply-demand fundamentals of magnesium – what implications for procurement by aluminium companies?
• What other raw materials flagged as "critical" are key to alloy performance and quality?
• What issues do these pose for aluminium recycling loops and what are the main environmental considerations?
• How does recycling of these alloying elements contribute to resource conservation and efficiency?
Presentation given at the 24th Aluminium Recycling Conference in Bratislava 21-23 November 2016 organised by Metal Bulletin.
Global and china carbon fiber and cfrp industry report, 2016 2020ResearchInChina
The global carbon fiber demand amounted to 59,000 tons in 2015. 22%, 62% and 16% of carbon fiber were applied to aerospace, industries, and sports & leisure respectively. Specifically, the demand from industries grew fastest, especially from automobiles, wind power, pressure vessels and other market segments. By 2020, 72% of the global carbon fiber will be used in industries, of which 23% will be adopted by automobiles and 21% by wind power.
Growing demand for high performance, light weight materials in automotive and aerospace industries is expected to remain a key driving factor for the global carbon fiber reinforced plastics (CFRP) market.
For More Information Visit - http://www.grandviewresearch.com/industry-analysis/carbon-fiber-market
Ontario Graphite: Considerations for Financial Investors in Mining Operations as presented at Industrial Minerals Grapihte Conference in December 2011.
Rare Earth Magnets: Yesterday, Today and Tomorrow.John Ormerod
The global permanent magnet market is dominated by rare earth magnets based on the Nd2Fe14B phase accounting for over 60% of total sales. The current status of material development and processing technologies will be reviewed. With the forecast growth in applications e.g. in both ICE and HEV/EV markets, the search for alternatives to the current Nd, Pr and Dy alloy compositions is being pursued. Also microstructure engineering through thermomechanical processing is being developed to enhance magnetic performance with lower rare earth content. In addition recycling strategies for EOL magnets are receiving increased attention. These technologies and market drivers for the rare earth magnet industry will be discussed. An update on the latest status of the Hitachi Metals patent litigation will also be presented.
What’s New in Materials, Applications and PatentsJohn Ormerod
The latest developments in Dy-diffused high temperature NdFeB grades, NdFeB radially oriented rings, Fe16N2, higher energy product bonded magnets and 3D printing will be discussed. An update on the permanent magnet market and application drivers together with the history and latest status of the Hitachi Metals patent litigation will be presented. Magnetic refrigeration systems (MRS) based on the magnetocalorific effect have the potential to be a major new application area for magnetic materials. The recent announcement of a commercial MRS refrigeration display case will be discussed.
Bonded Magnets 2016: Current Status and Future DevelopmentsJohn Ormerod
The global production of rare earth based bonded magnets is estimated to be $750 million in 2015. When the production of ferrite based bonded magnets is included the bonded magnet segment of permanent magnets is a very significant but often overlooked class of permanent magnet materials. In this presentation the main types of current materials and processing steps will be reviewed together with the latest developments in materials and novel manufacturing technologies e.g. additive manufacturing (3D printing). In addition the major applications and market drivers will be discussed.
The Energy Opportunity in Oil & Natural Gas: Crude Oil is Only the BeginningPLG Consulting
On June 3, 2013, Gordon Heisler, Senior Consultant at PLG Consulting presented at the American Railway Development Association’s 107th Annual Meeting in San Francisco, CA. Gordon’s presentation, entitled “The Energy Opportunity in Oil & Natural Gas. Crude Oil is Only the Beginning,” analyzes and forecasts the dramatic impact of shale oil and gas which has upended traditional logistics and trading patterns in the energy industry, starting an industrial renaissance in the US.
Permanent Magnet Options: How To Select The Optimum Solution For Your Applica...John Ormerod
The objective of this presentation is give a flavor of the material options available and highlight some of the important factors and point out a few misconceptions when it comes to selecting the best magnet option.
Asia Pacific was the largest geographic region accounting for $0.54 billion or 38% of the global market. USA was the largest country accounting for $0.27 billion or 19.01% of the global graphite mining market.
Read Report
https://www.thebusinessresearchcompany.com/report/graphite-global-market-report-2018
The role of magnesium and other alloying elements in aluminium alloy producti...Martin Tauber
The role of magnesium and other alloying elements in aluminium alloy production and recycling
• Which series of alloys contain magnesium and what are the main applications?
• Examining the supply-demand fundamentals of magnesium – what implications for procurement by aluminium companies?
• What other raw materials flagged as "critical" are key to alloy performance and quality?
• What issues do these pose for aluminium recycling loops and what are the main environmental considerations?
• How does recycling of these alloying elements contribute to resource conservation and efficiency?
Presentation given at the 24th Aluminium Recycling Conference in Bratislava 21-23 November 2016 organised by Metal Bulletin.
Global and china carbon fiber and cfrp industry report, 2016 2020ResearchInChina
The global carbon fiber demand amounted to 59,000 tons in 2015. 22%, 62% and 16% of carbon fiber were applied to aerospace, industries, and sports & leisure respectively. Specifically, the demand from industries grew fastest, especially from automobiles, wind power, pressure vessels and other market segments. By 2020, 72% of the global carbon fiber will be used in industries, of which 23% will be adopted by automobiles and 21% by wind power.
Growing demand for high performance, light weight materials in automotive and aerospace industries is expected to remain a key driving factor for the global carbon fiber reinforced plastics (CFRP) market.
For More Information Visit - http://www.grandviewresearch.com/industry-analysis/carbon-fiber-market
Ontario Graphite: Considerations for Financial Investors in Mining Operations as presented at Industrial Minerals Grapihte Conference in December 2011.
Henry Li, Export Manager de BYD Company, nos dio a conocer la historia de esta innovadora compañía China y de su fundador, Wang Chuanfu, reconocido mundialmente como el “hombre más visionario del mundo” y, según Forbes, el chino más rico del planeta. Emprendedor que comienza creando una batería y que hoy es dueño de una de las compañías más relevantes en desarrollo de energías sustentables. La innovación los ha impulsado y guiado por este camino de éxito y aciertos comerciales como los autos eléctricos BYD, la casa autosustentable y la ciudad autosustentable.
Battery grade graphite shortage on horizon as demand rocketsSimon Moores
Feature article from Benchmark Mineral Intelligence's quarterly journal:
Anode demand in China is surging as Beijing turns to lithium ion powered electric buses and cars to solve its air quality problem, a situation now at critical
Batteries are going to be the building block of the smart future currently being envisaged. From a strategic market perspective, a compilation of current and future Li-ion technologies. It is important to understand who are current market leaders in each crucial components of the Li-ion technology and how disruptive technologies will shift the power balance.
Gratomic: Leading the pack in high-quality graphite production raceStephan Bogner
There may never be a more pivotal time to take advantage of the investment opportunity offered within the electric vehicle (EV) supply chain. With lithium carbonate prices having sky-rocketed to what Elon Musk calls “insane levels“, Bloomberg recently noted that lithium prices are showing signs of losing momentum. While all eyes still appear to be on the lithium market at the moment, investors sooner or later may jump on the graphite bandwagon as the fundamentals for this battery-critical mineral are arguably even hotter. As the current lithium supply deficit is forecasted to go back into surplus by 2025, the story looks all the more different for graphite as its supply deficit is expected to more than triple from 10% this year to 32% in 2025. New graphite supply is urgently needed, which is however not as easy as increasing lithium output. When investors realize that graphite is the most crucial bottleneck for global adoption of EVs, graphite exploration and mining companies such as Gratomic Inc. are poised to become the “go-to place“ for the creation of shareholder value in the EV supply chain.
Graphite mining and the energy transition - Sykes - Nov 2017 - MinEx ConsultingJohn Sykes
This presentation is also available on the MinEx Consulting website, along with a number of other detailed presentations on minerals exploration. All are free to download: http://www.minexconsulting.com/publications/nov2017.html
Low adoption of electrical cars
Lack of infrastructure (plug-in stations)
Battery life (mileage)
Ontario government policies
Electrical car sales are still only 2% despite Liberal government incentives
A performance audit needs to be done on charging stations
Liberals continue to mismanage moneys!
Source
https://www.nextbigfuture.com/2018/01/global-electric-car-sales-will-top-2-million-in-2018-and-china-will-top-1-5-million.html
http://torontosun.com/news/provincial/ont-electric-car-charging-program-was-screw-up-ev-drivers#comments
Tesla Motors, Panasonic J-V for Gigafactory - Simon Moores Research NoteSimon Moores
A Research note on the partnership between Tesla Motors and Panasonic to build the world's largest lithium-ion battery plant in the US. Looks at the position of each company and the raw materials required (graphite, lithium,cobalt).
Electrical Vehicles| Analysis and Commentary| February 2019paul young cpa, cga
It is very important to look at different ways to control air pollution.
Not enough is said about toxicity when it comes to mining, refining, fabricating, installing and recycling of lithium and vanadium batteries
There are issues with supporting plug-in stations
Tax incentives to electrical cars is an issue, especially as people cry for money for healthcare, education and welfare
Sachpazis:Terzaghi Bearing Capacity Estimation in simple terms with Calculati...Dr.Costas Sachpazis
Terzaghi's soil bearing capacity theory, developed by Karl Terzaghi, is a fundamental principle in geotechnical engineering used to determine the bearing capacity of shallow foundations. This theory provides a method to calculate the ultimate bearing capacity of soil, which is the maximum load per unit area that the soil can support without undergoing shear failure. The Calculation HTML Code included.
Explore the innovative world of trenchless pipe repair with our comprehensive guide, "The Benefits and Techniques of Trenchless Pipe Repair." This document delves into the modern methods of repairing underground pipes without the need for extensive excavation, highlighting the numerous advantages and the latest techniques used in the industry.
Learn about the cost savings, reduced environmental impact, and minimal disruption associated with trenchless technology. Discover detailed explanations of popular techniques such as pipe bursting, cured-in-place pipe (CIPP) lining, and directional drilling. Understand how these methods can be applied to various types of infrastructure, from residential plumbing to large-scale municipal systems.
Ideal for homeowners, contractors, engineers, and anyone interested in modern plumbing solutions, this guide provides valuable insights into why trenchless pipe repair is becoming the preferred choice for pipe rehabilitation. Stay informed about the latest advancements and best practices in the field.
Welcome to WIPAC Monthly the magazine brought to you by the LinkedIn Group Water Industry Process Automation & Control.
In this month's edition, along with this month's industry news to celebrate the 13 years since the group was created we have articles including
A case study of the used of Advanced Process Control at the Wastewater Treatment works at Lleida in Spain
A look back on an article on smart wastewater networks in order to see how the industry has measured up in the interim around the adoption of Digital Transformation in the Water Industry.
Water scarcity is the lack of fresh water resources to meet the standard water demand. There are two type of water scarcity. One is physical. The other is economic water scarcity.
Immunizing Image Classifiers Against Localized Adversary Attacksgerogepatton
This paper addresses the vulnerability of deep learning models, particularly convolutional neural networks
(CNN)s, to adversarial attacks and presents a proactive training technique designed to counter them. We
introduce a novel volumization algorithm, which transforms 2D images into 3D volumetric representations.
When combined with 3D convolution and deep curriculum learning optimization (CLO), itsignificantly improves
the immunity of models against localized universal attacks by up to 40%. We evaluate our proposed approach
using contemporary CNN architectures and the modified Canadian Institute for Advanced Research (CIFAR-10
and CIFAR-100) and ImageNet Large Scale Visual Recognition Challenge (ILSVRC12) datasets, showcasing
accuracy improvements over previous techniques. The results indicate that the combination of the volumetric
input and curriculum learning holds significant promise for mitigating adversarial attacks without necessitating
adversary training.
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Hybrid optimization of pumped hydro system and solar- Engr. Abdul-Azeez.pdffxintegritypublishin
Advancements in technology unveil a myriad of electrical and electronic breakthroughs geared towards efficiently harnessing limited resources to meet human energy demands. The optimization of hybrid solar PV panels and pumped hydro energy supply systems plays a pivotal role in utilizing natural resources effectively. This initiative not only benefits humanity but also fosters environmental sustainability. The study investigated the design optimization of these hybrid systems, focusing on understanding solar radiation patterns, identifying geographical influences on solar radiation, formulating a mathematical model for system optimization, and determining the optimal configuration of PV panels and pumped hydro storage. Through a comparative analysis approach and eight weeks of data collection, the study addressed key research questions related to solar radiation patterns and optimal system design. The findings highlighted regions with heightened solar radiation levels, showcasing substantial potential for power generation and emphasizing the system's efficiency. Optimizing system design significantly boosted power generation, promoted renewable energy utilization, and enhanced energy storage capacity. The study underscored the benefits of optimizing hybrid solar PV panels and pumped hydro energy supply systems for sustainable energy usage. Optimizing the design of solar PV panels and pumped hydro energy supply systems as examined across diverse climatic conditions in a developing country, not only enhances power generation but also improves the integration of renewable energy sources and boosts energy storage capacities, particularly beneficial for less economically prosperous regions. Additionally, the study provides valuable insights for advancing energy research in economically viable areas. Recommendations included conducting site-specific assessments, utilizing advanced modeling tools, implementing regular maintenance protocols, and enhancing communication among system components.
RAT: Retrieval Augmented Thoughts Elicit Context-Aware Reasoning in Long-Hori...
2016 International Lithium & Graphite Conference
1. www.morganadvancedmaterials.com
“The exponential growth of the lithium-ion battery
market and its impact on global graphite supply”
2016 International Lithium & Graphite Conference
Langham Hotel, Shenzhen, PRC, November 3-4, 2016
Richard Clark richard.clark@morganplc.com
Senior Technical Specialist
2. Contents
• Overview of Morgan Advanced Materials
• Current markets for natural graphite and usage in LIB
• Growth in Electric Vehicle and Energy Storage markets
• Emerging market opportunities for natural graphite
• The challenges to graphite as an anode material
• Conclusions
2
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2016 International Lithium & Graphite Conference November 2016
3. Morgan Advanced Materials
Founded in England in 1856
Ticker on LSE: MGAM
2015 revenue: GBP911.8 million (USD1.35 billion,CNY8.8 billion)
2 Divisions and 6 Global Business Units
3
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2016 International Lithium & Graphite Conference November 2016
4. Focus on technically demanding, growth markets
4
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Energy
Electronics
Healthcare
Transportation
Security and Defence
PetrochemicalIndustrial
2016 International Lithium & Graphite Conference November 2016
5. 5
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Morgan Advanced Materials
Global Business Units
Thermal Ceramics
Molten Metal Systems
Electrical Carbon
Seals and Bearings
Technical Ceramics
Composites and Defense
Systems
indicates GBU with one or
more LIB industry solutions
2016 International Lithium & Graphite Conference November 2016
6. Contents
• Overview of Morgan Advanced Materials
• Current markets for natural graphite and usage in LIB
• Growth in Electric Vehicle and Energy Storage markets
• Emerging market opportunities for natural graphite
• The challenges to graphite as an anode material
• Conclusions
6
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2016 International Lithium & Graphite Conference November 2016
7. Markets for natural graphite
7
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Source: “Natural Graphite: Raw material trends to 2020”, Suzanne Shaw, Roskill Information Services citing Roskill’s Natural and Synthetic Graphite: Global Industry Markets and Outlook, 9th edition 2015, used with permission
Natural graphite 2015: 1.19MT (USGS)
of which China produced 780kT (66%)
World’s inferred resources exceed 800MT
Lithium-Ion batteries in 2015 used c.85kT of
which 58kT was natural…
…but one “Megafactory” is projected to use
93kT of natural graphite from 2020
Other new markets include composites,
electronics, foils and large-scale fuel cells
Not just LIB!
USGS data from: http://minerals.usgs.gov/minerals/pubs/commodity/graphite/mcs-2016-graph.pdf
2016 International Lithium & Graphite Conference November 2016
8. Perspective versus other LIB materials
2016 International Lithium & Graphite Conference November 2016 8
11/04/2016
Graphics from “Lithium Ion Battery Key Elements — More Than Just Lithium”, April 13, 2016, Emma Elgqvist, National Renewable Energy Laboratory
(NREL) and Clean Energy Manufacturing Analysis Center (CEMAC), used with permission
Materials mined are reported in metric tons
Total GWh of automotive lithium ion battery cells sold in
2015 was 8.4 GWh based on vehicle sales data and
average pack capacities of HEV’s, PHEV’s, and BEV’s
9. Natural versus synthetic graphite
• Synthetic graphite electrodes (2015): 1.9MT
• China 50% of total
• Isostatic graphite (2015): 0.1MT
• China 35% of total
• Global production of natural graphite: 1.19MT.
• China 66% of total
• Natural graphite for LIB (2015): 0.06MT.
• Synthetic graphite for LIB (2015): 0.02MT.
9
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2016 International Lithium & Graphite Conference November 2016
10. Lithium-ion batteries and use of graphite
10
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Source: Argonne National Laboratory, used under Creative Commons license
(https://creativecommons.org/licenses/by-nc-sa/2.0/legalcode)
• Main battery components
• Anode
• Cathode
• Electrolyte
• Separator
• In the vast majority of LIB, carbonaceous materials are
used in anode and cathode:
• Anode active material
• Anode conductive additive
• Cathode conductive additive
• Most common active material is graphite (natural or
synthetic)
• Most common conductive additive is carbon black
• Main market is electronic devices – but major changes
underway in xEV and ESS markets
2016 International Lithium & Graphite Conference November 2016
11. Production of natural graphite for anode applications
• Natural graphite
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Coating
Purification
Sphericalization
(mechanical)
Flotation
Mechanical separation
Mining
Increasing
Volume
Increasing
Value
Based on figure from www.IndMin.com/GraphiteAnalysis
Positive:
Graphite is a primary raw material (i.e. not a by-product)
Challenges:
• Offset between flake size and purification
• Larger flake size easier to purify, but takes more
energy to attrit and waste stream can be larger
• Process and uniformity of coating
• Cost
• Purification method
• Thermal / chemical
• Cost
• Safety and effluent stream
• Waste stream
• Conversion from flake to spherical graphite is
inefficient, typically 30% to 50%
• Cost relies on selling the off stream
2016 International Lithium & Graphite Conference November 2016
12. Usage of graphite in batteries – active materials in anode
Typical values for cells:
• For a cylindrical 3.2 Ah 18650 (portable power): 10g. graphite
• For a prismatic 21.5 Ah cell (HEV): 80g. graphite
Example products:
• Laptop: 8 x (3.2 Ah) 18650’s: 80g. graphite
• HEV: 56 x 21.5 Ah: 4.5kg. graphite
• EV example 1: 7,104 (3.4 Ah) 18650’s: 76kg. graphite
• EV example 2: 288 x 55 Ah: 59kg. graphite
• ESS example (2MW/1MWh) 14,080 x 6 Ah: 317kg. graphite
12
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2016 International Lithium & Graphite Conference November 2016
13. Challenges with increasing demand for anode materials
• Of the 1.19MT of natural graphite mined, only about 380,000 tons
is suitable as feed material for LIB. Ideally material from mine
would be 94-96% pure, +80 mesh and low cost
• Current demand = 0.06 MT, so even if yield is only 30%, current
usage is only about 50% of available suitable supply and
remainder can be absorbed by other applications
• Material for LIB is a premium graphite material – tightly sized and
high purity, but great care must be taken if waste streams are
assigned zero or negative value and with a massive increase in
demand this will be an increasing concern
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Source: “The Supply and Demand Giga-Risk for Cobalt, Lithium and Graphite in Lithium-Ion Batteries, http://investorintel.com/
2016 International Lithium & Graphite Conference November 2016
14. Does location matter?
• Many junior miners attracted into space – limited current
production (Eagle Graphite being one producer)
• Desire to provide North America domestic material to Tesla has
prompted increased activity in USA and Canada
• Alabama Graphite; Canada Carbon; Canada Strategic Metals;
Caribou King Resources; Focus Graphite; Graphite One
Resources; Great Lakes Graphite; Lomiko Metals; Mason
Graphite; Northern Graphite; Zenyatta Ventures
• Full business strategy including supply chain management will be
vital to success
14
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“Graphite News: Graphite Mining in the US and the Best Graphite Stocks to Buy”, Charlotte McLeod, Investing News Network 2016
2016 International Lithium & Graphite Conference November 2016
15. Contents
• Overview of Morgan Advanced Materials
• Current markets for natural graphite and usage in LIB
• Growth in Electric Vehicle and Energy Storage markets
• Emerging market opportunities for natural graphite
• The challenges to graphite as an anode material
• Conclusions
15
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2016 International Lithium & Graphite Conference November 2016
16. Global lithium ion rechargeable battery market 2010-2025
16
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• CAGR 2010-2015 > 20%
• CAGR 2015-2025 = 15%
Market information supplied by and used with permission of Christophe Pillot, Avicenne, “The Rechargeable Battery Market and Main Trends 2015 to 2025”, Lithium Battery International Summit, Shenzhen, China, April 9 to 12, 2016
31,800 MWh for
Electronic devices in
2015 still the largest
category for LIB currently
Key: energy by application
(CAGR 2015 to 2025)
Revenue = $16.7 billion
for cell makers
2016 International Lithium & Graphite Conference November 2016
17. Difficult market to assess – huge changes in progress
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>76,000t., of which 52,000 t. natural
Yano Research Institute
Avicenne Energy
Avicenne market information supplied by and used with permission of Christophe Pillot, Avicenne, “The Rechargeable Battery Market and Main Trends 2015 to 2025, 33rd International Battery Seminar and Exhibit, March 21, 2016
Major change 2015 to 2016 is growth of sales of New Energy Vehicles
(EV and PHEV combined) in China
Most market analysts agree about
2/3 of graphite used is natural
Yano Research Institute market information supplied by and used with permission of Sachiya Inagaki, Yano Research Institute, “LIB Materials Market Trends”, The Battery Show Conference, September 13, 2016
2016 International Lithium & Graphite Conference November 2016
18. Growth of NEV dramatically changes market size
18
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Yano Research Institute market information supplied by and used with permission of Sachiya Inagaki, Yano Research Institute, “LIB Materials Market Trends”, The Battery Show Conference, September 13, 2016
Benchmark Mineral Intelligence is projecting the total quantity of anode graphite required to address the demand
will increase to between 250,000 tons and 400,000 tons per year by 2020 – and this will equate to considerably
more medium flake feedstock (360,000 tons per year minimum by 2020 assuming current percentage natural)
Benchmark Mineral Intelligence data from http://benchmarkminerals.com/Blog/graphite-demand-from-lithium-ion-batteries-to-more-than-treble-in-4-years/, May 4, 2016
China Daily (July 19)
reported that NEV sales
in China are up 162% at
170,000 units (134,000
EVs and 36,000 PHEVs)
in H1, 2016
http://www.chinadaily.com.cn/business/motoring/2016-07/19/content_26143684.htm
2016 International Lithium & Graphite Conference November 2016
19. The dawning of the Megafactory age
• LG Chem (Nanjing, China) – 7GWh; 50,000 batteries for EVs (or 180,000 for PHEVs) expanding to
200,000 by 2020 (or 700,000 for PHEVs)
• Tesla (Nevada, USA) – 35GWh; batteries for 500,000 cars by 2020
• will be the largest workplace in the USA (by far) and the largest building in the world by footprint
• Foxconn (Anhui, China) – 15GWh
• BYD (China) – 20GWh
• Boston Power (China) – 10GWh
• Above would represent 287,000 tons of graphite in anodes (assuming constant chemistry) by 2020
…but would still only represent 1.5 million cars out of a world market of about 76 million per year (*)
…Bloomberg New Energy Finance is projecting this rising to 41 million Electric Vehicles (35%) by 2040
• Sources:
19
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http://www.koreatimes.co.kr/www/news/tech/2015/10/133_189601.html
http://bgr.com/2016/08/08/tesla-gigafactory-size-cost-elon-musk/
https://www.tesla.com/sites/default/files/blog_attachments/gigafactory.pdf
http://benchmarkminerals.com/Blog/the-battery-megafactories-are-coming/
Fortune Minerals Limited Investor Presentation August 2015
http://www.gbm.scotiabank.com/English/bns_econ/bns_auto.pdf
https://about.bnef.com/press-releases/electric-vehicles-to-be-35-of-global-new-car-sales-by-2040/
* non-commercial – full market c. 90 million
2016 International Lithium & Graphite Conference November 2016
20. Energy Storage market is highly segmented, but growing fast
• Emergency Reserve Power (UPS)
• Continue power when main supply is interrupted
• Frequency regulation
• Maintain power plant generated frequency within
½% of target (such as 50Hz or 60Hz)
• Grid management
• “Spinning” reserve
• Buffering of supply/demand balance for 15 to 45
minutes
• Peak shifting
• Balancing demand spikes without overproducing
• Bulk load shifting
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Decreasing
cost required,
but increasing
volume
Will be different to xEV
market, once saturated
2016 International Lithium & Graphite Conference November 2016
21. Market size heavily depends on cost/kW-h
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“Electric Energy Storage Technology Options”, ID1022261, D. Rastler, EPRI December 2010, used with permission
Energy storage deployment numbers from GTM Research, U.S. Energy Storage Monitor and IHS Markit Grid-Connected Energy Storage Forecast Database
Target (battery) market size (U.S. only)
ApplicationPresentValue
Key:
Freq. Reg.: Frequency Regulation
Sta: Stationary
T&D: Transmission and Distribution
Dist: Distribution
ESCO: Energy Services Company
Ind: Industrial
DESS: Distributed Energy Storage Systems
Com: Commercial
Res: Residential
PQ: Power Quality
Current deployment is very small
(221MW in 2015, USA), but growing
very fast (243% YoY growth),
Lithium-Ion is dominating (99% in
Q2, 2016)
Global deployment 1.4 GW in 2015,
projected 2.9 GW in 2016, dominated
by Lithium-Ion, still relatively small by
2020 compared to xEV, but will be
significant by 2030 (up to 240GW)
“Investment Themes in 2015: Dealing with Divergence”, Citi GPS: Global Perspectives and Solutions, January 2015
2016 International Lithium & Graphite Conference November 2016
22. Contents
• Overview of Morgan Advanced Materials
• Current markets for natural graphite and usage in LIB
• Growth in Electric Vehicle and Energy Storage markets
• Emerging market opportunities for natural graphite
• The challenges to graphite as an anode material
• Conclusions
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2016 International Lithium & Graphite Conference November 2016
23. Graphene
• One emerging market for graphite is graphene produced by a top-
down method. Early large-scale markets are as conductive
additives for LIB (can be in conjunction with CNTs) and in
automobile and bicycle tires
• Potentially large markets although percentage additions are
small
• 12 million tons (2014) of carbon black was used globally, with
tires as the major application (>70%) – a 2% conversion would
equate to a >150kT market for graphene/graphite. CAGR 3.9%.
23
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Carbon Black Market Analysis By Application (Tires, High Performance Coatings, Plastics) And Segment Forecasts to 2022”, April 2016, Grand View Research
2016 International Lithium & Graphite Conference November 2016
24. Recarburizer – carbon raiser
• Used in the production of cast iron
and steel
• Low sulfur, high carbon material is
required
• Most common carbon source is
calcined petroleum coke - scrap
electrode graphite is also used
• Can use suitable natural graphite,
although value is very low relative
to anode materials
• Market estimate is 22% graphite (as
a percentage of all carbon materials
used in this application) and is
projected to reach US$168 million
by 2018
• Estimate for the total demand for
recarburizers in the iron and steel
industry is:
• 573,000 to 955,000 tpa for EAF
(Electric Arc Furnace) steel
• 2,300,000 tpa for gray iron and
ductile iron combined
Graphite Supply Chain 2016 Conference and Workshop 24
11/15/2016
http://www.gosreports.com/2015-market-research-report-on-global-graphite-recarburizer-industry/
“Recarburizer Overview – October 2014”, Syrah Resources Limited
25. Contents
• Overview of Morgan Advanced Materials
• Current markets for natural graphite and usage in LIB
• Growth in Electric Vehicle and Energy Storage markets
• Emerging market opportunities for natural graphite
• The challenges to graphite as an anode material
• Conclusions
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2016 International Lithium & Graphite Conference November 2016
26. Modifications to existing technology
• Use of Silicon to replace graphite
• Tremendous progress, but still a relatively small percentage
conversion and almost 100% as an addition not replacement
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Leaders include
Amprius, Enevate,
Enovix, Nexeon,
Shin-Etsu Chemical
and Paraclete Energy
2016 International Lithium & Graphite Conference November 2016
27. New technologies under consideration
“Lithium-ion batteries have revolutionized the way we communicate through personal electronics. But
there is an even bigger revolution on the horizon. More powerful beyond-lithium-ion batteries will
completely transform the power grid and usher in an age of electrically powered transportation” –
George Crabtree, JCESR Director
JCESR is the US Department of Energy’s Batteries and Energy Storage Hub, founded in 2012.
Foci of JCESR are:
• Multivalent intercalation (using Ca2+, Mg2+ or Al3+ in place of Li+)
• Chemical transformation (such as Li-S, Li-O, Na-S)
• Non-aqueous (organic) redox flow
• Solid-state batteries are also moving forward
• Common features – many technical challenges and none of the above need graphite
2016 International Lithium & Graphite Conference November 2016 27
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28. How secure is the use of graphite in lithium-ion batteries?
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Figure adapted from: “The energy-storage frontier: Lithium-ion batteries and beyond”:
Crabtree, Kócs, Trahey, MRS Bulletin, Volume 40, Issue 12, December 2015, pp. 1067-1078,
based on additional input from Crabtree at ANL Energy Storage Conference August 31, 2016
20 year incubation
1971 conceptualization 1991 commercialization
Four main factors weigh heavily in favor of
graphite’s continuing rapid expansion:
• The gestation period for truly new
battery technology is very long (20+
years);
• The current potential replacement
technologies under review have many
technical challenges;
• Industries using these power sources
are generally very conservative (slow to
change);
• The shear volume of production in
place for anode materials precludes
most materials as possible
replacements
2016 International Lithium & Graphite Conference November 2016
29. Conclusions
• The use of graphite as an anode material is growing very rapidly without
sign of a widespread replacement by a successor
• Rapid growth of the xEV market, particularly in China is driving the need
for additional supply.
• ESS is beginning to emerge, although at a much lower level than xEV
• Low conversion yields in the sphericalization process will make supply
chain management and business strategy critical moving forward –
waste stream materials must be utilized to avoid associated anode cost
increases - these are not acceptable to the battery manufacturers
• New applications for graphite can be developed with the possibility of
relatively low cost and high purity raw material
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2016 International Lithium & Graphite Conference November 2016