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Amid a battery boom, graphite mining gets a fresh look in the US

Titan Mining Corp. began limited graphite mining under existing permits at its northern New York deposit about 25 miles from the Canadian border while seeking additional permits for full-scale operations.
Demand for graphite is surging as lithium-ion batteries power devices and vehicles, while U.S. policymakers cite concerns about reliance on China, prompting renewed domestic mining plans.
No U.S. mines currently produce a regular commercial graphite product, underscoring a domestic supply gap, while Titan expects to produce about 40,000 metric tonnes a year, roughly half U.S. demand, the company says.
The U.S. Export-Import Bank said it would consider lending up to $120 million for construction and pledged $5.5 million for a feasibility study, while the 2022 Inflation Reduction Act offers a tax credit for critical mineral production.
Among U.S. projects, Titan is one of five active efforts including Graphite One Inc. as forecasters expect global graphite demand to soar alongside industrial and military applications.

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