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Highlights
- Evion Group (EVG) set to commence first shipments from India this month.
- Significant advancements in expandable graphite production in India and Madagascar.
- Demand for expandable graphite continues to rise globally, driven by energy and industrial applications.
Evion Group (ASX:EVG) is making strides in its expandable graphite joint venture near Pune, India, with the first shipments scheduled for this month. This comes as production progresses smoothly at the 50:50 joint venture, which completed 400 tonnes of initial production, set to be shipped to Europe in the coming months.
Production Advancements in India
From November to mid-December 2024, the facility produced approximately 120 tonnes of expandable graphite, with operations on track to achieve the first order target. Additional concentrate has already been secured for upcoming production cycles in the second and third quarters of 2025, ensuring steady output.
With an average sale price range of US$3,000-$3,300 per tonne and production costs significantly lower, the facility is positioned for strong operational performance. The installation of an advanced effluent treatment plant (ETP) is expected to recycle 95% of water used, enhancing sustainability and operational efficiency.
Global Market Demand
The global expandable graphite market is projected to grow steadily, fueled by applications in energy storage, fire retardants, and thermal management. Countries like China, the European Union, and Australia have increased their adoption of flame-retardant materials, boosting the demand for expandable graphite. Recent studies suggest that over 300 new graphite mines will be required globally by 2035 to meet the surging demand for energy transition and EV battery components.
Progress in Madagascar
Parallel to its Indian operations, Evion’s developments in Madagascar are gaining momentum. The Maniry Graphite Project recently secured local community support and endorsements from the Madagascar government for critical mining licenses. Meetings with government and EU representatives are scheduled for early 2025 to finalize agreements and funding.
This dual-track progress in India and Madagascar strengthens Evion’s position in the graphite market. With favorable pricing terms, robust operational plans, and significant market demand, the company is well-positioned to scale its production and expand its global footprint. Future updates on additional sales agreements and operational milestones are anticipated in the coming months.
Evion Group continues to navigate a growing market with innovative strategies, setting the stage for increased revenue and operational success in 2025.
