Graphite has become the most sought-after metal in the current world production economy as its high demand from the key end-user industries, like electronics, metallurgy, and automotive (including electric vehicles)
Thus, the use of graphite in an increasing number of applications is expected to provide growth opportunities for the graphite market in the coming years.
Graphite is widely used in the aerospace industry, as it facilitates the development of lightweight structural parts that help improve fuel efficiency. Graphite has high strength-to-weight capability as compared to traditional aerospace materials, such as metals, and plastics, among others. This enables the production of efficient designs, both structurally and aerodynamically. Aircraft manufacturers such as Boeing and Airbus are increasingly using composites manufactured using graphite. Graphite is also suitable for use in military applications, where high heat tolerance, strength, and rigidity are required.
Sri Lankan Story ;
Confirming the world demand for Graphite the Sri Lankan listed company BOGA has had reported a turnaround financial statement in last quarter.
Profit from Operation Rs 67,058,000 /= ( up 3153 % )
Profit Before Tax RS 67,363,000 /= ( up 4460 % )
Basic earnings per share Rs 0.61 /= ( up 1898 % )
Key points :
1) BOGA is earning in USD terms
2) LOLC is interested in graphite industry
3) SL Government initiatives to develop Graphite industry
4) CHINA is in short of Graphite in post-Covid19 production industries