EV maker Lucid Group (LCID) has signed a new long-term supply deal with Graphite One (GPHOF) to receive natural graphite that will be processed in the U.S. This graphite will come from Graphite One’s Graphite Creek deposit located north of Nome, Alaska, and production is expected to begin in 2028. The agreement is part of Lucid’s ongoing plan to secure a steady, domestic supply of key battery materials needed for its electric vehicles.
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This new deal builds on a previous agreement Lucid made with Graphite One in 2023. That earlier deal involved synthetic graphite, which will also be available starting in 2028 and sourced from a future processing facility in Warren, Ohio. Together, these deals will help Lucid and its battery suppliers use both natural and synthetic graphite in the battery cells that power upcoming Lucid EVs.
Lucid also has a third agreement with Syrah Resources (SYAAF), which will supply natural graphite anode material processed in Louisiana using raw materials from outside the U.S. By securing multiple sources of both synthetic and natural graphite, Lucid is strengthening its U.S.-based supply chain. This is important because graphite is a key ingredient in lithium-ion batteries and plays a big role in making sure electric cars charge quickly while performing well.
What Is a Good Price for LCID Stock?
Turning to Wall Street, analysts have a Hold consensus rating on LCID stock based on one Buy, seven Holds, and two Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average LCID price target of $2.54 per share implies 15.7% upside potential.

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