South Star Battery Metals (TSXV: STS, OTCQB: STSBF) CEO and Director Richard Pearce is positive graphite need will continue to increase and as a result drive domestic production in Europe and The United States and Canada, efficiently interrupting China’s supply supremacy.
” There’s absolutely nothing out there that is going to replace graphite a minimum of in the next 7 to ten years,” Pearce stated. “The trillions of dollars that we’re sinking into this, every battery factory that’s being constructed today, is based upon standard sorts of chemistries and style. So once again, an amazing time for us. We’re bringing the very first brand-new graphite production to the Americas.”
While China holds 65 percent of the world’s graphite concentrate production, Asia has an one hundred percent share of the midstream and downstream processing market, according to Pearce. “I believe as we move through the next 5 to ten years, there will be a genuine concentrate on shoring, bringing the production back to Europe, the United States, Canada, Mexico … South Star is well placed to benefit from those patterns.”
South Star Battery Metals just recently revealed that Stage 1 building at its Santa Cruz graphite task in Brazil is on budget plan and on schedule, with industrial production prepared at the end of 2023. The business likewise finished a 2023 drilling project at its BamaStar graphite task in Coosa County, Alabama.
Enjoy the complete interview with South Star Battery Metals CEO and Director Richard Pearce above.
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