Evion Group NL (ASX:EVG) managing director David Round joins Proactive’s Tylah Tully to discuss the company’s latest milestone.
It has announced initial sales of $2 million from its 50/50 joint venture (JV) expandable graphite operations near Pune, India.
Production testing and sample approvals are complete, allowing full production to begin.
The JV, Panthera Graphite Technology (PGT), expects to produce around 400 tonnes of expandable graphite over the next 10 weeks, with a contract in place to sell 386 tonnes to Technografit GmbH, a prominent European graphite trading company, at favourable terms.
The agreed price ranges between US$3,000 and US$3,300 per tonne, with production costs estimated at US$1,500–$1,750 per tonne, resulting in a robust operating margin.
The JV anticipates further contracts for expanded sales through 2025, driven by growing demand for expandable graphite in electric vehicle, aerospace, energy storage, and electronics sectors.
The plant has an annual capacity of 2,000 tonnes, with plans to increase to 4,000 tonnes, potentially adding an additional US$6 million in annual revenue.
The global demand for expandable graphite, fuelled by its use in fire retardants and energy storage, is forecasted to grow, with China’s market share expected to decrease, highlighting opportunities for Evion outside China.
Evion is also advancing its battery anode material plans in Madagascar, where it seeks additional permits and funding to support graphite production.
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