Graphite Stocks on ASX: Top 10 Graphite Shares [2023]

Is it a good time to invest in graphite stocks?

It's difficult to say whether a specific time is a good time to invest in graphite stocks, as the stock market is influenced by a wide range of factors and can be subject to fluctuations. However, the demand for graphite is likely to increase in the future due to its use in lithium-ion batteries and other technologies such as solar panels and nuclear reactors. As the electric vehicle market is expected to grow significantly in the future, the demand for graphite is likely to increase.

Key highlights:

• The demand for graphite is likely to increase in the future due to its demand in the lithium-ion battery market and other new technologies such as fuel cells and graphene. As the electric vehicle market is expected to grow significantly in the future, the demand for graphite is likely to increase as well.
• Though it might be hard for a retail investor to invest directly in graphite, there are plenty of stocks exposed in some way or another to the commodity. Although there aren’t ETFs that invest exclusively in graphite or graphite shares, there are some funds that invest in rare earth elements that could be an interesting choice for investors.
• Investing in graphite-related stocks carries a degree of risk, as the stock market is influenced by a wide range of factors and can be subject to fluctuations. Additionally, investing in the mining industry has its own set of specific challenges such as fluctuation of commodity prices, operational challenges, and regulatory and environmental risks.

Top graphite stocks on ASX

Data as of 16 January 2023

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Discover the top graphite stocks to watch

1. Syrah Resources Limited (SYR)

Market Capitalisation: $1.53b

Stock price (as of 16/01/2023): $2.29

Stake Platform Bought / Sold (1 Jan 2022 - 16 Jan 2023): 58% / 42%

Syrah Resources (SYR) operates the Balama Graphite Project in Mozambique, which is one of the largest known graphite deposits in the world. Syrah Resources produces both natural flake and spherical graphite, which are used in lithium-ion batteries, refractories, and other industrial applications. They also developed a unique process called "balahama-graphite to batteries" that turns natural graphite flakes into spherical graphite, which is the form of graphite used in lithium-ion batteries.

2. Black Rock Mining Limited (BKT)

Market Capitalisation: $142m

Stock price (as of 16/01/2023): $0.145

Stake Platform Bought / Sold (1 Jan 2022 - 16 Jan 2023): 72% / 28%

Black Rock Mining is an Australian mining company focused on the development of its Mahenge Project in Tanzania. The project is spread across 324 square kilometres in the Ulanga district, with a delivery of up to 340,000 tonnes per annum of 98.5% graphite concentrate through a four-stage construction schedule.

3. Triton Minerals Ltd (TON)

Market Capitalisation: $51m

Stock price (as of 16/01/2023): $0.037

Stake Platform Bought / Sold (1 Jan 2022 - 16 Jan 2023): 60% / 40%

Triton Minerals is a graphite exploration and development company focused on the development of its Ancuabe Graphite Project in Mozambique. The company aims to become a significant supplier to the EV, smartphones and other sectors of the energy storage industry.

4. iTech Minerals Ltd (ITM)

Market Capitalisation: $38m

Stock price (as of 16/01/2023): $0.315

Stake Platform Bought / Sold (1 Jan 2022 - 16 Jan 2023): 60% / 40%

iTech Minerals (ITM) is a graphite exploration and development company focused on the development of its graphite projects in Canada and South Australia. The company is currently exploring and developing the Lac Guéret Graphite Project in Quebec, which has the potential to become one of the largest graphite mines in North America.

5. Carbon Minerals Limited (CRM)

Market Capitalisation: $5.8m

Stock price (as of 16/01/2023): $0.31

Stake Platform Bought / Sold (1 Jan 2022 - 16 Jan 2023): Not available

Carbon Minerals is a graphite exploration and development company focused on the development of its Graphmada Large Flake Graphite Project in Madagascar. The company is also famous for its natural gas production, therefore holding significant exposure to the fossil fuels industry.

6. Walkabout Resources Ltd (WKT)

Market Capitalisation: $70m

Stock price (as of 16/01/2023): $0.115

Stake Platform Bought / Sold (1 Jan 2022 - 16 Jan 2023): Not available

Walkabout Resources is a graphite exploration and development company focused on the development of its Lindi Jumbo Graphite Project in Tanzania. The company expects the project will be able to deliver high-grade graphite with good profit margins, while also developing projects to mine other metals like zinc, copper, lead and gold in Scotland in Northern Ireland.

7. Volt Resources Limited (VRC)

Market Capitalisation: $58m

Stock price (as of 16/01/2023): $0.015

Stake Platform Bought / Sold (1 Jan 2022 - 16 Jan 2023): 63% / 37%

Volt Resources (VRC) is headquartered in Perth, Western Australia, and concentrates on the exploration and development of its wholly-owned graphite projects in Tanzania and Ukraine. With a 70% controlling interest in the Ukraine Zavalievsky Graphite business, the mine and processing plant has a 30,000 tonnes per annum capacity, with the potential to increase its high-value large graphite flake production.

The Bunyu Graphite Project is their wholly-owned graphite resource and is the largest in Tanzania. Tests have confirmed that the graphite has excellent quality, with the flake graphite concentrate suitable for many applications including graphite foil, refractory and lubrication products and expandable graphite. Through tests run by an independent German metallurgical laboratory, the battery-grade graphite has been confirmed with a 99.99% TGC purity.

One could also consider Volt Resources a potential gold stock with the addition of three gold projects in Guinea, West Africa, under their list of operations.

8. Evolution Energy Minerals Limited (EV1)

Market Capitalisation: $35m

Stock price (as of 16/01/2023): $0.235

Stake Platform Bought / Sold (1 Jan 2022 - 16 Jan 2023): 71% / 29%

Evolution Energy Minerals (EV1) is a mining company focused on the development of its Chilalo Graphite Project in southern Tanzania. They’re fully permitted to start construction and are working on studies to finalise plans for the Project. Evolution is also looking at further downstream opportunities that could add value to their operations

9. International Graphite Limited (IG6)

Market Capitalisation: $37m

Stock price (as of 16/01/2023): $0.225

Stake Platform Bought / Sold (1 Jan 2022 - 16 Jan 2023): 55% / 45%

International Graphite (IG6) is an Australian-based company that develops advanced materials for the lithium-ion battery, energy storage, and graphite products markets. The company is focused on the development of its graphite projects in Western Australia, which include the Uley Graphite Project and the Graphite Creek Project.

10. Metals Australia (MLS)

Market Capitalisation: $36m

Stock price (as of 16/01/2023): $0.06

Stake Platform Bought / Sold (1 Jan 2022 - 16 Jan 2023): 52% / 48%

Focused on mining exploration, this company is focused on the exploration and development of lithium and graphite deposits. The company's main focus is on its Lac Rainy Graphite Project, which is located in Quebec, Canada. The project is considered one of the largest and highest-grade graphite deposits in the world. Metals Australia's graphite operations include drilling, exploration, and mining activities, as well as processing and refining of graphite concentrate.

What is graphite used for?

Graphite is a versatile material that has many industrial uses. Some of the most common uses of graphite include:

• Lithium-ion batteries: Graphite is used as the anode in lithium-ion batteries, which are used in a wide range of consumer electronics and electric vehicles.

• Refractories: Graphite is used in the production of refractory materials, which are used to line high-temperature furnaces and reactors.

• Lubricants: Graphite is used as a dry lubricant in applications where oil and grease cannot be used.

• Pencils: Graphite is the material that is used in the core of pencils.

• Fuel cells: Graphite is used in the electrodes of fuel cells, which convert chemical energy into electricity.

• Steelmaking: Graphite is used as a lubricant and a purifying agent in the production of steel.

• Nuclear industry: Graphite is used in the production of nuclear fuel rods and in the construction of nuclear reactors.

• Aerospace: Graphite is used in the production of aircraft and rocket components because of its strength and low weight.

• Graphene: Graphite is the raw material used to produce graphene, a two-dimensional form of carbon with unique electronic and mechanical properties.

These are just a few examples of the many ways that graphite is used in some industries. As technology advances, there may be new uses for graphite discovered.

💡Related: Lithium stocks on ASX→

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Graphite stocks FAQs

How can I invest in graphite stocks in Australia?

There are a few ways to invest in graphite stocks in Australia. One way is to buy shares of companies that are involved in the mining and production of graphite. Another way to invest in graphite is through exchange-traded funds (ETFs) that hold shares of companies involved in the mining and production of graphite and other strategic metals.

Is there a graphite ETF to invest in?

There is no specific ETF that tracks the price of graphite or the graphite market, but there are ETFs that invest in companies involved in graphite production and mining. For example, the VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) holds stocks of companies that produce or explore for rare earth and strategic metals, which includes companies involved in graphite mining and production.

Who is the biggest graphite producer in Australia?

The biggest graphite producer in Australia is Syrah Resources (SYR).

This does not constitute financial product advice nor a recommendation to invest in the securities listed. Past performance is not a reliable indicator of future performance. As always, do your own research and consider seeking appropriate financial or taxation advice before investing.