Titan Mining’s Graphite Production Expansion Amid China Export Limits
Titan Mining announces graphite concentrate production at its New York facility, with shares soaring 26.8% after China’s expanded export limits. The move aims to supply half of U.S. natural graphite demand, highlighting strategic shifts in global supply chains for EV batteries and renewable energy.
In a significant development for the North American minerals sector, Titan Mining has revealed plans to commence graphite concentrate production at its Empire State Mines in New York, sparking a 26.8% surge in its stock price. This strategic move comes just days after China broadened its export restrictions on critical minerals, underscoring global supply chain vulnerabilities. With an annual output target of 40,000 tonnes, Titan aims to fulfill approximately 50% of the current U.S. natural graphite demand, positioning itself as a key player in reducing dependency on foreign sources.
