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Natural Flake Graphite (Battery Grade)

High dependencyPosition-earlyMetals & Advanced MaterialsReasoned estimateHS 2504.10
$0.25 bnAnnual import
10%Indian capability
4,725Supplier concentration (HHI)
₹2,000 crTo localise

Why India imports it. China controls 65% of natural graphite; India has small reserves in Arunachal/Jharkhand.

Why it matters. Anode active material and EV battery.

Can India localise it? Partial - 4-6 years for spherical graphite.

Where it comes from. China (65%), Mozambique (20%), Madagascar (10%).

Scorecard

The ten indices

CMDI 73Dependency
LPI 38Localisation potential
IAI 58.75Investment attractiveness
SRI 71.25Supply risk
SCI 53Supply-chain complexity
TRI 42Technology readiness
IMI 70.5Industrial multiplier
NSRI 63.25National-security relevance
EPI 62.75Export potential
ICGI 70Capability gap
Who makes it

Manufacturers

In India

TGR GraphiteStar Strand

Global leaders

Syrah ResourcesMason GraphiteNorthern Graphite

Intelligence

Related signals

Sources

Primary references

Confidence: Reasoned estimate. Reasoned estimate. Part of Techadyant Labs' Critical Manufacturing Dependencies (Edition I).