Graphite 101

Oct 14, 2025
By Gaia Research Team
Reading time: 12 mins.

After a turbulent 2023–2024 marked by oversupply and collapsing prices, the market is quietly resetting. Beneath the weakness lies a stronger structural story: global battery-manufacturing capacity is projected to quadruple to 4,100 GWh by 2030, and each gigawatt-hour still depends on graphite anode material.

This policy-driven realignment is breathing life into Western producers such as Nouveau Monde Graphite (NMG)—a Quebec-based, carbon-neutral developer positioned at the intersection of sustainability, supply security, and scale. As Gabrielle Roy wrote in Cet été qui chantait: “Peut-être les lucioles ne vivent-elles que le temps de briller un instant d’un vif éclat. Comme nous tous d’ailleurs.” Graphite, too, may fade under pressure—but when the next cycle dawns, the few lights still burning will shine the brightest.