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GRAPHITE MARKET
WEEKLY UPDATE:

Highlights from 3 - 7 November, 2025

WEEKLY SUMMARY

In the graphite market this week, Stellantis terminated offtake agreements with both Westwater Resources and Novonix. Westwater announced it will scale and optimise Phase I of the Kellyton Plant to align with remaining commitments. GreenRoc Mining released an update on the Amitsoq Project, confirming continued positive results from graphite pilot processing and preparations toward downstream feasibility work. Titan nears construction completion of its graphite facility, Northern Graphite signed an LOI with Alkeemia for access to purification technology, and Focus Graphite secured conditional funding of up to $14.1M.

Chinese graphite pricing softened in October, with Natural Graphite Anode Material down 10.74%, Flake Graphite -194 down 1.21%, Flake Graphite -195 down 1.75%, while low-sulfur petroleum coke, the key feedstock for synthetic anodes, rose 6.23%.

Turning to the wider market, the UK is considering a pay-per-mile tax on EVs from 2028 to replace declining fuel-duty revenue. Industry groups warn the move could slow EV adoption by increasing running costs, while the government says it aims to create a fair long-term funding model.

Meanwhile, U.S. EV sales data shows a mixed picture, with models like the Audi Q6 e-tron and Hyundai IONIQ 5 seeing strong quarterly growth, while the Ford F-150 Lightning continues to soften. Analysts highlight growing divergence between models as incentives shift and consumer preferences evolve.

KEY UPDATES FROM GRAPHITE COMPANIES

NYSE: WWR: Westwater Resources Announces Strategic Update

ASX: FGR: Trading Halt

AIM: GROC: Amitsoq Update – Graphite pilot processing plant

ASX: SGA: EBRD $1.4M Top Up Placement

ASX: FGR: Initial PT Alasmas order marking 1st TPU shipment

ASX: MRC: Update on the sale of the Skaland Graphite Project

TSXV: ZEN: Zentek Announces the Development of a New Graphite Gel-Based Fire-Retardant Product and Exclusive Licence with Altek Advanced Materials Inc. for the US Market

TSXV: NBM: NEO Battery Secures New $3M Purchase Order from UCAV Manufacturer & Provides Update on Operational Facility Lease

TSX: TI: Titan Delivers Strong Q3 Results and Nears Construction Completion of Graphite Facility

ASX: GCM: Executed MoU with Komex Carbon Paves Path to Sales Agreement

ASX: KNG: Kingsland’s Share Purchase Plan Receives Strong Support

LSE: TGR: Offtake Progress

ASX: VRC: Strong Support for $2.23 Million Capital Raising

ASX: NVX: Notice of Termination of Offtake Agreement

ASX: FGR: Cement & Concrete Segment Update

ASX: MRC: Norge Mineraler fails to complete the sale of the Skaland

TSXV: LLG: Mason Resources Highlights Nouveau Monde Graphite’s Groundbreaking Announcements

TSXV: NGC: Northern Graphite Signs Letter of Intent with Italy’s Alkeemia to Secure Access to Cleaner Graphite Purification Technology Independent of China

TSXV: NBM: NEO Battery Closes Non-Brokered Private Placement Offering of $5 Million

TSXV: FMS: Focus Graphite Receives Conditional Funding of up to $14.1M to Advance Canada’s First Electrothermal Fluidized Purification Demonstration Plant

ASX: TON: Update on legal proceedings and operational planning

READ HERE

TOP 5 GAINERS OF THE WEEK

Battery Mineral Resources:		20%
First Graphene:		15%
Blencowe Resources:		9%
Greenwing Resources:		7%
Beowulfmining:		5%

TOP 5 DECLINERS OF THE WEEK

Volt Carbon Technologies:		-33%
Novonix:		-19%
Leading Edge Materials:		-17%
Green Critical Minerals:		-17%
Nouveau Monde Graphite:		-15%

CarbonScape Site Visit Coming Soon

Big thanks to the CarbonScape team for the invitation to visit their facility in Blenheim, New Zealand. The work they’re doing is truly worldclass, turning wood chips into biographite.

Featured interviews (on site and online) + Plant tour:

Ivan Williams (CEO)
Dr Heinrich Badenhorst (CTO)
Vincent Ledoux Pedailles (CCO)
Oliver Foster (General Manager)

And thank you to Anushan R (Marketing Director) for arranging the visit.

This is GraphiteHub’s first on site company visit, where we gained valuable insights and were able to see the technology in action firsthand. We’ll be working through the footage and discussions over the coming weeks. If you’re interested in being featured or hosting a site visit, feel free to get in touch.

IMARC 2025 | Kingsland Minerals: Advancing the Leliyn Graphite Project Toward PFS

In our latest episode, I spoke with Richard Maddocks, Managing Director of Kingsland Minerals, live from the International Mining and Resources Conference (IMARC) 2025 in Sydney.

Richard shares insights into Kingsland Minerals’ progress at the Leliyn Graphite Project in the Northern Territory, from the recently completed Scoping Study confirming strong economics and low operating costs, to upcoming milestones as the company advances towards a Pre-Feasibility Study.

We cover:

Key highlights from the Scoping Study and Kingsland’s low mining costs
Plans for metallurgical test work, resource expansion, and the path to a Pre-Feasibility Study
The project’s by-product potential in rutile and gallium and ongoing test work
Government engagement and the growing support for critical minerals projects in Australia
How Kingsland aims to build a competitive, ex-China graphite supply from the Northern Territory

GENERAL EV MARKET NEWS

UK EV drivers could face new tax in Budget

The UK government is considering a new tax on electric vehicle drivers as part of the upcoming Budget, aiming to address the revenue shortfall caused by declining petrol and diesel fuel duty.

A pay-per-mile system is being discussed, with proposals suggesting EV owners could be charged around 3p per mile from 2028, while hybrid vehicles would be taxed at a lower rate. EV drivers would estimate annual mileage and settle any difference at year end.

Industry groups warn the move could slow EV uptake by increasing operating costs, arguing that it comes at a critical stage for adoption. The government says it still supports the transition, but wants a “fair and sustainable” system for funding road and public services.

Read Here

Long-Term Sales Trends from 7 Top Selling Electric Vehicles in USA

New analysis of U.S. EV sales highlights mixed momentum across several top-selling electric vehicle models in the third quarter, showing both significant gains and notable declines.

Sales trends varied widely by model, with the Audi Q6 e-tron and Hyundai IONIQ 5 seeing strong quarterly jumps tied to tax credit timing, while models like the Ford F-150 Lightning continued to face slower demand and uneven quarterly performance.

The report suggests that some EVs are benefiting from strategic pricing and supply alignment, while others may struggle as tax incentives expire. Analysts note that model-specific trends will be increasingly important in assessing EV market direction.

Read Here

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