- Westwater Resources is developing a battery-grade graphite processing and purification plant, which will become operational in 2022, and a mine which could start up in 2028.
- The demand for graphite from EV battery manufacturers is forecasted to climb by an average of around 25% each year through 2025.
- Graphite, as well as other critical materials whose market is currently dominated by China, can also receive US government support.
- Westwater Resources can substantially grow revenues and cash flows in the coming years, but it comes with its fair share of risks.
For further details see:
Westwater Resources: A High-Beta Graphite Play Capitalizing On The EV Boom