Graphite N-1 supply and demand balances in the Stated Policies Scenario, 2035

Notes

Mt = million tonnes; N-1 supply and demand are on a refined basis. N-1 supply excludes the production volumes from the largest producer from the total global supply, and N-1 demand excludes consumption of that country from the total global demand. Demand is based on primary supply requirements which is total demand net of secondary supply. Graphite includes spherical and synthetic materials.