This post brought to you by GRPH. All opinions are 100% mine.
Regarding to raw materials, we all think about coal, silver, or diamond. There is a very important raw material used in modern electronics and industry, that is graphite.
Graphite is considered the highest grade of coal although it is not used to fuel because it is hard to burn. Natural graphite is commonly used in refractories, batteries, steelmaking, brake linings, foundry facings and lubricants. You would be surprised that the Lithium ion battery we are using today on mobile devices has more graphite than lithium carbonate. In the last decade, the increasing needs for laptops, tablets, smartphones have also led to the higher demand of graphite. The latest devices on the market are still using Li-ion battery, so the needs for graphite are higher than ever.
Despite the demands, America has not produced graphite in over 20 years. All of it is imported from China. This is going to change soon.
In a recent press update, Graphite Corporation announces a detailed drilling and mapping study of its property in Clay County, Alabama. They promise to invest in the industry to compete with Chinese imports of the mineral. Graphite market in the U.S. has not relied on domestically mined graphite in decades, instead using synthetic material or imports from Brazil and China. Therefore, this is a very important change and a great chance for investors as well. You can check out their Industry Growth Report Newsletter for more information.
Disclosure: We might earn commission from qualifying purchases. The commission help keep the rest of my content free, so thank you!
