The key to the momentous global energy transition is what $Goldman Sachs(GS.US)$ calls the “great battery race”, and while attention has been absorbed by lithium, one critical mineral in the battery mix is possibly the most lucrative back door entrance into this race.
The mineral is graphite, and it is the key element that forms the anode of the lithium batteries. Without it, there will be no energy revolution and the trillion-dollar EV market might not exist.
In 2019, the global graphite market was valued at $14.9 billion. By 2027, it’s expected to be valued at nearly $22 billion. It might be worth much more than that, though.
Each EV battery contains 20-30% graphite, which means that graphite demand will soar in tandem with EV demand.
And at the same time, both China and the US are now struggling with a graphite squeeze.
While EV giants have been busy scrambling for lithium sources around the world, new concerns have arisen about a lack of graphite supply.
Some 90% of graphite anodes used in batteries come from China.
It's yet another critical battery mineral that is becoming a national security issue for the United States, and it may be as revolutionary as plastic was in the 1950s.
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Contents excerpt from Yahoo Finance.

$Micron Technology(MU.US)$ Micron shares moved higher. The memory chip maker reported much better-than-expected earnings last quarter and gave bullish guidance. The company forecast earnings of $1.95, plus or minus 10 cents, for the period, above the consensus analyst estimate of $1.84.
Other chipmakers like $KLA Corp(KLAC.US)$ and $NVIDIA(NVDA.US)$ were generally higher.

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