Bogala in joint venture to provide US giants with graphite

Business

Bogala Graphite Lanka, (a German subsidiary and publicly traded company) on June 29 signed a MoU with newly formed CeyAnodes (Pvt) Ltd as a BOI project for the procurement and provision of graphite.

Bogala is the largest producer of graphite in Sri Lanka and under the agreement CeyAnodes will purchase a large amount of graphite every year from Bogala to manufacture battery-grade graphite for US giants such as Tesla and Rivian.

CeyAnodes already has a verbal commitment for 2000 tons of battery-grade graphite, Bogala said in a statement.

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