Evion Group Ships Maiden Cargo of Expandable Graphite from India to the US

Evion Group (ASX: EVG) continues to develop its global graphite business, with a maiden shipment from India now on its way to the United States.

Evion announced in late June that it had signed an agreement for the shipment of 80 metric tonnes of expandable graphite to a new US offtake partner.

The first expandable graphite shipment from the company’s joint venture facility Panthera Graphite has now successfully established a supply chain from India as Evion looks to establish itself in the US and Europe.

Growing Global Demand

Managing director David Round said demand for graphite has been growing significantly on the back of concerns over global supply reliability, with a recent report suggesting that graphite represented one of the highest risks to the supply of critical minerals to Europe.

“We see these shipments to the US and others to Europe as the commencement of strong and regular supplies as global markets face extreme shortages for many graphite products due to the restriction on exports from China,” Mr Round said.

The EU has recognised graphite as critical to meet the future demand for use across military applications, aerospace, EV, energy storage, and electronics sectors.

Rapidly Rising Prices

Those supply concerns have seen concentrate prices from East Africa continuing to increase over the last six months, now sitting around 30% higher than for the material previously available from China.

Prices for Evion’s specialised expandable graphite – a modified form with a layered structure that can expand up to 150 times its original size – have also been on the rise.

The company expects future sales to be at prices significantly higher than those it achieved in 1H25.

More Orders Expected

Evion anticipates the initial Indian shipments will generate approximately $400,000 in revenue and expects more orders in the future.

“Our Panthera graphite facility has demonstrated its ability to deliver at scale, and we hope this is the first step in establishing a strong, long-term, strategic partnership with the US market,” Mr Round added.

The company has used the cash flow generated so far to fund the acquisition of concentrate for production with more than 450 million tonnes of concentrate paid for and ready for processing and sale.