Evion Group Ltd Sees Strong Growth as Maiden Expandable Graphite Shipment Sets Stage for Expansion

Key Highlights:

• First shipment of 80mt of expandable graphite delivered to a European offtake buyer, generating A$400,000 in sales.
• Production ramp-up in India with shipments expected to reach 150mt per month, driving revenues to A$750,000 per month.
• Global graphite demand surging, with prices for new orders potentially exceeding US$4,500 per tonne.
• Major expansion plans underway, with feasibility studies for Stage 2 and Stage 3 operations in the pipeline.
• Madagascar operations remain active, with key meetings taking place to strengthen supply capabilities.

Evion Group Accelerates Expandable Graphite Exports Amid Rising Global Demand

Evion Group Ltd (ASX: EVG) has taken a significant step in its growth trajectory, successfully delivering its maiden shipment of 80 metric tonnes (mt) of expandable graphite to a European offtake buyer. The shipment, which generated approximately A$400,000 in revenue for its 50/50 joint venture (JV), marks the beginning of a broader ramp-up in exports.

With expandable graphite becoming an increasingly sought-after material in aerospace, electric vehicles (EVs), energy storage, and electronics, Evion is well-positioned to capitalize on a tightening global market. The company expects monthly shipments to increase to 150mt, translating into a monthly invoicing value of around A$750,000 for the JV.

Strategic Growth in India and Strong Market Demand

Evion’s Pune Production Facility in India has been instrumental in refining and optimizing product specifications. The company’s JV is now focused on completing the remaining 306mt from its initial sales order, ensuring a steady revenue stream in the near term.

In an encouraging sign of market strength, Evion has received new inquiries for higher-specification graphite products, with some orders quoting prices above US$4,500 per tonne. This underscores the growing global demand for high-purity graphite and the company’s ability to meet these evolving market needs.

Global Graphite Market Dynamics and Future Expansion

Benchmark Mineral Intelligence reports that the global graphite market is set to reach US$21.6 billion by 2027, fueled by rapid growth in EVs and battery technology. Furthermore, China’s dominance in graphite supply is expected to decline from 67% to 39% by 2033, leading to increased opportunities for alternative suppliers like Evion.

To strengthen its position in this expanding market, Evion is progressing towards Stage 2 and Stage 3 expansion plans, with feasibility studies underway to evaluate potential returns. Given the growing global graphite deficit, the company is well-placed to meet rising industrial demands.

Madagascar Operations and Long-Term Strategy

Evion’s graphite mining operations in Madagascar remain a critical component of its supply chain strategy. The company has emphasized that ongoing discussions in Madagascar are key to securing future supply stability and operational efficiency.

David Round, Managing Director of Evion Group, expressed confidence in the company’s outlook:

“Production has continued to ramp up, and an extensive inventory of expandable graphite is awaiting final treatment based on our buyer’s requirements. We anticipate stable monthly shipments of 150mt, and our ability to meet high-specification orders further solidifies our market position.”

With a robust pipeline of shipments, a strong foothold in India’s production landscape, and strategic expansion plans in motion, Evion Group is well on track to become a leading supplier in the global graphite industry.