Graphite is in high demand and China has a grip on the market – this is how Nouveau Monde graphite is helping to change that

By Meg Flippin Benzinga

Eric Desaulniers, founder, president and CEO of Nouveau Monde Graphite Inc. (NYSE: NMG), was recently a guest on Benzinga All Access.

NMG is a North American mining company that aims to be the first fully integrated, carbon-neutral graphite producer. With its mine in Quebec, Canada, NMG is positioned to support growth in electric vehicles, renewable energy storage and consumer electronics. In addition, the company offers an alternative to China, where all graphite used for electric batteries is currently produced, Desaulniers told Benzinga during the interview. “That is clearly unsustainable and people need to find an alternative,” the CEO said, noting that as it stands, NMG has the only graphite mining project in the G7.

While NMG sells graphite concentrate, the company also focuses on transforming it into active anode material, the processed, purified and manufactured form of graphite used in batteries. “You don’t want your concentrate to go to China and be processed into valuable products there,” says Desaulniers.

As for the claim that NMG could be on the current administration’s radar because it invests in companies it considers critical, Desaulniers declined to comment, but he did say that graphite is very important to the US economy, not just in batteries but for many other applications, including defense.

Watch the full interview here:
youtube.com/watch?v=dZCtYw5yBQ4&feature=youtu.be

Featured image of Shutterstock.

This post contains sponsored content. This content is for informational purposes only and is not intended as investment advice.

This content was original published on Benzinga. Read further explanations here.

Of gasoline