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NMG Aims to Break China's Graphite Monopoly for EV Batteries

Nouveau Monde Graphite CEO Eric Desaulniers discusses breaking China's graphite monopoly for EV batteries. NMG aims to be North America's first carbon-neutral producer.

This development matters because graphite is essential for lithium-ion batteries that power electric vehicles, smartphones, and renewable energy storage systems. Currently, China controls nearly 100% of the global graphite supply chain, creating significant geopolitical and supply chain risks for Western nations. As countries accelerate their transition to clean energy and electric transportation, securing domestic sources of critical minerals becomes a national security and economic imperative. NMG's carbon-neutral approach also addresses environmental concerns associated with traditional mining, potentially setting new standards for sustainable mineral production while reducing dependence on foreign suppliers.