In this sector report we attempt to quantify the impact on demand for graphite from the rapidly growing Lithium-ion battery ("Li-B") sector. A major increase in installed Li-B capacity to 2025 is anticipated to drive a major increase in demand for graphite. Based on our modelled growth in the Li-B market, and certain assumptions for penetration rates for various battery chemistries, we estimate total demand for graphite (natural + synthetic) from Li-B’s to increase from 140kt in 2015, to more than1Mt in 2025, representing a CAGR of 23%. In this report we review the graphite market dynamics, including competition posed by synthetic graphite. We also provide updates on seven graphite companies, including market leader, Syrah Resources, which plans to produce ~340ktpa, with first production expected in the second half of 2017.