The graphite market in the Philippines has seen notable expansion recently, fueled by rising demand from sectors including manufacturing, construction, and automotive. Data from TrendEconomy shows that in 2023, imports of natural graphite (commodity group 2504) totaled US$ 509,000, marking an 18.5% increase compared to the previous year. This growth is largely driven by the country’s initiatives to diversify its energy mix and lessen reliance on fossil fuels, resulting in increased demand for graphite-based products like batteries and electrodes.
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