Top Graphite Producing Countries

In 2023, China led global graphite production with 780 thousand metric tons, dominating the market. India's output was 149 thousand metric tons, making it the second-largest producer, followed by Brazil at 95 thousand metric tons. Canada produced 30 thousand metric tons, while Russia's production reached 19 thousand metric tons. Other significant contributors were Ukraine and Pakistan, with 15 and 14 thousand metric tons, respectively.

Over the past two years, China's production has shown a consistent upward trend, supported by robust industrial demand. Brazil and India have also experienced growth, though at a lower rate compared to China. The Compound Annual Growth Rate (CAGR) for top producers indicates moderate annual increases, with potential for further expansion.

Looking ahead, the demand for graphite is expected to continue rising due to its critical role in electric vehicle batteries and renewable energy solutions. Emerging markets may see increased investment in graphite mining, while established producers should focus on scaling up production sustainably and efficiently to meet global demands.