Sri Lanka, March 28 -- By Chaya Dissanayake and Rashmi Anupama
The global demand for Electric Vehicles (EVs) is projected to reach a staggering 80 million units by 2050, with the United States (US) alone expected to demand one million of these annually. This rising global demand will lead to a hike in the need for natural and synthetic graphite. Considering the US imposing restrictions on Chinese imports, non-Chinese graphite suppliers, including Sri Lanka stand to gain.
A new IPS study underscores Sri Lanka's comparative advantage in graphite exports despite its currently modest output and relatively higher prices for vein graphite compared to China. The study suggests moving towards a free trade agreement/ mineral trade agreement for ex...