While output declined by 15.4% to 952.6 kt in 2020, it is expected that natural graphite production will increase by 7.6% in 2021.
Specialist graphite producer and graphene developer Tirupati Graphite is on track to commission its Vatomina graphite project in Madagascar in Q2, 2021.
"We are delighted with the support our fund-raise has received so far, which is testament to the strength of our business."
Black Rock Mining and POSCO are underway with negotiating a binding investment agreement for the development of the Mahenge graphite project.
Mining investment company Critical Metals, and integrated specialist graphite and graphene producer Tirupati Graphite, have noted their plans to list on the London Stock Exchange.