You're right. In our specific market, graphite, the growth in the EV sector and the growth in battery energy storage systems, or BESS, which are using the same lithium ion batteries, are the two main reasons that justify a large graphite mine like the one we are building.
If this market weren't growing at the pace it is, we would not need such a big mine. We would need probably 20,000 or 30,000 tonnes of graphite, which we have been producing in Canada for many decades already. Now we are building a 100,000-tonne mine. We have a mine that will be five times the size in the pipeline to really cope with this potential growth we have in the EV sector and battery energy storage. All the G7 countries need at least one alternative to the domination from China.
We don't want to change what China is supplying to our market. It would be unrealistic to do that in the time frame we have. However, we need to have this safe alternative in case those supply chains are disrupted.
