Sovereign Metals Ltd has identified a new market opportunity with the latest test work on natural graphite from its Kasiya Graphite and Rutile Project in Malawi.
The company confirmed that its medium to coarse graphite concentrate meets or exceeds specifications for the expandable and expanded graphite markets, which require nearly 100,000 tonnes of natural graphite annually and are growing at a compound annual rate of 6-8%.
Graphite concentrate with 94-95% purity, used in these applications, was priced at approximately US$1,140 per tonne (FOB) in December 2024.
Sovereign Metals’ ongoing graphite downstream application testing has demonstrated that Kasiya’s high-quality concentrate is suitable for three key markets: anode materials for graphite fines, refractory materials for coarse flake, and expandable graphite for medium to coarse flake.
The company believes these results, combined with Kasiya’s low-cost position, support its potential to become a leading supplier of natural graphite while maintaining its role as a primary rutile project.
These three graphite sectors represent over 94% of the 1.6-million-tonne annual global demand for natural flake graphite.
