4 million tons of reserves confirmed on 25% of project location

Supply of graphite from Europe

Demand for Global Graphite Market Size To Hit EUR 30 Billion by 2028

Graphite is an important raw material needed for the production of Li-ion battery types. Today most anode materials are graphite-based, derived from either natural or synthetic graphite. For natural graphite there are existing requirements related to flake size distributions and carbon content. These are typically achieved via additional refining steps, where China currently dominates the production capacity of spherical graphite.

Europe is relatively rich in natural graphite deposits (mainly in Scandinavia) which are often high grade and could in principle serve the European battery market for many decades. However, only certain types of natural graphite can be converted to anode material.
The Belkalhan graphite mine in South Serbia is one of those suitable resources –it is based on the high-quality graphite deposit which even has been designated as mineral deposit of national interest. 

Belkalhan as the owner of the prospect location is open for JV in order to establish a European supply of sustainable, low-CO2 emission anode materials for lithium-ion batteries, utilising its 100% owned Serbian mineral assets which may be expanded by development of facility for battery material technologies. The development plan includes the construction of a scalable lithium-ion battery anode production facility and integrated graphite mining operations in south Serbia, with an initial production capacity of 20.000 tones of graphite raw material only in initial phase. 

Serbian Belkalhan graphite project makes an additional difference in development of a resilient and sustainable European supply chain for battery production.
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