Norway's natural graphite production in 2023 stood at 8.70 thousand metric tons. Forecasted data indicates a steady year-on-year growth in graphite production: 8.79 thousand metric tons in 2024, 8.88 in 2025, 8.97 in 2026, 9.06 in 2027, and 9.15 in 2028. The year-on-year percentage increase from 2023 to 2024 is approximately 1.03%, and the average annual growth rate (CAGR) over the five-year period is projected to be around 1.03%.
Future trends to watch include advancements in mining technology, potential increases in global demand for graphite due to its use in battery production and other high-tech applications, and environmental regulations that could affect production capabilities.
