Twitter LinkedIn YouTube iTune Podcast Google Podcasts Spotify
EDITOR: | June 28th, 2019 | 3 Comments

NovoCarbon positioning itself to become a key supplier of battery grade graphite in North America

| June 28, 2019 | 3 Comments

The global graphite market is forecast to grow rapidly and reach US$27 billion by 2025, over double from US$13 billion a decade earlier (2015). Graphite demand is expected to be driven mostly by anode production for lithium-ion batteries, due to the rapid rise of electric vehicles (EVs). Refractories, steel making, foundries, brake pads, other batteries and lubricating agents will also boost demand for graphite.

Global lithium-ion anode demand set to surge

Global lithium-ion anode demand set to surge

NovoCarbon Corp. (TSXV: GLK | OTCQB: GLKIF) is a clean technology minerals processing company supplying customers with innovative, high quality value added carbon products. The current legal name of the corporation is Great Lakes Graphite Inc., which is doing business as NovoCarbon Corporation until final approval by the shareholders and the TSX Venture Exchange. NovoCarbon manufactures processed graphite products in the US. Examples of the products include high purity graphite, spherical graphite, and micronized graphite.

NovoCarbon state they are “the only North American supplier of battery grade graphite” and “has qualified its product with the largest standalone EV manufacturer in North America.” That can only mean Tesla (TSLA), and raises the chances NovoCarbon may one day supply Tesla, or at least that is how I interpret this.

NovoCarbon slide showing demand areas for NovoCarbon’s battery grade graphite

NovoCarbon’s strategy

By developing graphite products in the US, and working with processing partners NovoCarbon is positioning itself to benefit from current trends demanding graphite products. The plan now calls for the Company to scale up operations over the next few years with the ultimate goal of reaching 10,000 tons per year of finished products to a growing number of domestic and international customers. Across seven supply partners, Novocarbon has access of up to 170,000 tons per annum (tpa) of graphite supply.

NovoCarbon collaborates to also supply graphene

NovoCarbon’s latest collaboration agreement with Versarien Graphene will see them developing a number of applications for a variety of industries that will enable a robust graphene processing supply chain in the USA. Versarien Graphene now has relationships with over 25 companies in North America, encompassing sectors as diverse as automotive, aerospace, consumer goods, oil and gas, sports equipment and specialty plastics.

Patrick Abbott, VP of North American Operations at Versarien Graphene USA added: “We look forward to evaluating the synergies between our two companies and the opportunity to offer a solid impact presence into the North American marketplace.”

NovoCarbon CEO Paul Ferguson said: “NovoCarbon’s mission is to enhance the ability of companies such as Versarien to serve their customers and markets with consistent, high quality materials.”

The EV boom and rise of the anode battery megafactories will cause a surge in demand for battery grade graphite especially post 2020. As there is no significant graphite production in North America, NovoCarbon is positioning itself to become a key supplier of battery grade graphite.

China historically has accounted for 70% of graphite production hence it is now vitally important for the US and others to secure their EV metals supply chain. NovoCarbon is doing just that.

NovoCarbon has offices based in Canada and the USA.

Matthew Bohlsen


Matthew Bohlsen is a Senior Editor for With a Graduate Diploma in Applied Finance and Investment, and a Graduate Diploma in Financial Planning. He ... <Read more about Matthew Bohlsen>

Copyright © 2020 InvestorIntel Corp. All rights reserved. More & Disclaimer »


  • Jan Latusek

    I expect an update on that newly established graphene partnership between NovoCarbon and Versarien when the latter announces its Annual Results to the London stockmarket on Wednesday 17 July.

    July 13, 2019 - 10:36 AM

    • Tracy Weslosky

      We are trying to get an interview set up. Will call today – thx for the feedback.

      July 15, 2019 - 9:29 AM

  • NovoCarbon positioning itself to become a key supplier of battery grade graphite in North America – Future is Graphene
    October 14, 2019 - 8:16 AM

Leave a Reply

Your email address will not be published. Required fields are marked *

Twitter LinkedIn YouTube Amazon Alexa iTune Podcast Google Podcasts Spotify