- October 2025 military takeover has raised political and financing risks for graphite projects, but production has continued, with dominant market response being ‘diversification rather than disengagement,’ expert says - EU and US rules and US-China trade tensions are boosting the appeal of Madagascan graphite for Western supply chains, but the island sees limited value addition, according to Soyocak ISTANBUL In the quiet, humming guts of nearly every electric car, a black, lustrous mineral