International metals and minerals trading house Traxys has finalized a binding offtake and marketing agreement with Nouveau Monde Graphite (NMG) to acquire 20,000 tonnes of natural graphite concentrate per year, intended for the refractory materials market.
The graphite concentrate will be sourced from NMG’s Matawinie mine in Canada. With an initial seven-year term following the start of full-scale production, the agreement is expected to include sales pricing based on market indices.
"Industries are seeking reliable, high-purity, and responsibly produced graphite to ensure supply security and continued growth. With North American and European economies reshoring critical mineral value chains and manufacturing capacities, we see compelling opportunities to partner with Traxys to serve steelmakers and refractory producers,” said NMG president and CEO Eric Desaulniers.
Traxys said that the global refractory market is valued at $45 billion with a projected compound annual growth rate of 9.1% to 2033. The major application of refractory materials is in the steelmaking industry for such applications as bricks, electric arc furnaces, crucibles, and carbon raisers.
Theodor Lisovoy, Managing Editor, Rough&Polished
