This market resolves YES if the value of measurable natural_graphite_anode_share exceeds 35 percent on December 31, 2030.

The measurable value is the natural graphite share of EV Li-ion battery anode material (% of total graphite anode mass).

YES if:

• Natural graphite anode share >= 35 percent on December 31, 2030

• Confirmed by at least one priority source

NO if:

• Natural graphite anode share is below 35 percent on December 31, 2030

• Data unavailable within 60 days of December 31, 2030

Resolution sources (priority order):

1. Benchmark Mineral Intelligence graphite supply database

2. Roskill / Wood Mackenzie graphite market report

3. Panasonic, CATL, LG Energy Solution investor disclosures

4. USGS Mineral Commodity Summary (graphite)