Buckley Flat Graphite Assay Results [Yahoo! Finance]
AMER LITHIUM MINERALS INC (AMLM)
Company Research
Source: Yahoo! Finance
Rising Demand for Graphite According to a recent report, Graphite is deemed a critical material by the US, and about a century ago it was mined abundantly in the country, mostly in Alabama. However, there has been no Graphite mining in the United States since 1990, when United Minerals suspended operations at its graphite mine in Montana. As a result, the US now imports all of its graphite, mostly from China, with additional imports from Mexico, Canada and India. Graphite is used in batteries, brake linings, lubricants, powdered metals, refractory applications and steelmaking. Demand for graphite is rising because it is used in lithium- ion batteries for electric vehicles. Lithium- ion batteries typically contain 10 to 30 times more graphite than lithium . Graphite is also necessary for sodium- ion batteries. Reportedly, Tesla's Reno gigafactory and mission to source materials from North America have played a significant role in growing calls for US-produced graphite. The com
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