Graphite reserves by leading countries worldwide 2022

In 2022, Turkey had the world’s largest reserves of natural graphite, at approximately 90 million metric tons. Graphite is a native element mineral and a semimetal, comprised of a crystalline allotrope of carbon. One of its well-known uses is as the 'lead' in pencils.

Global graphite production

World graphite production has fluctuated slightly in recent years. In 2022, the total worldwide production of graphite amounted to 1.3 million metric tons, an increase from the 1.13 million metric tons produced in the previous year. In the past decade, China has consistently been the leading global graphite producer. In 2022, China produced an estimated 850,000 metric tons of graphite. Following China was Mozambique in a distant second place, with a production volume estimated at 170,000 metric tons that year.

Global graphite market`

The global market value of graphite is expected to continue increasing. In 2018, the global market value of graphite was nearly 18 billion U.S. dollars. It is projected to increase to more than 27 billion U.S. dollars by 2025.