Home / Business and Economy / US Graphite Mines Reopen Amid China Trade Tensions
US Graphite Mines Reopen Amid China Trade Tensions
27 Dec
Summary
- US graphite mines are reopening after 70 years due to surging demand.
- Titan Mining Corp. aims for commercial sales by 2028 in New York.
- Government incentives and trade concerns fuel domestic graphite production.
Graphite mining, largely dormant in the U.S. for seven decades, is experiencing a revival. Driven by the escalating demand for lithium-ion batteries powering electric vehicles and electronics, coupled with persistent trade tensions with China, several companies are pursuing domestic extraction. Titan Mining Corp. has begun limited operations at its New York deposit, with commercial sales anticipated by 2028, aiming to supply high-tech, industrial, and military needs.
The U.S. Department of Energy and the Department of the Interior have identified graphite as a critical mineral, underscoring the strategic importance of a secure domestic supply chain. Federal initiatives, including tax credits within the 2022 Inflation Reduction Act and efforts to diversify supply sources, are actively supporting this resurgence. The government's fast-tracked permitting for the New York mine highlights its commitment to building a robust domestic supply.
