Talga (ASX:TLG) share price rose 250% in 2020 as battery demand booms

The Talga Group Ltd (ASX: TLG) share price has surged by almost 250% this year, smashing through 10-year highs. Meanwhile, most investors have probably never heard about the company.

Talga is a lithium battery player, making battery anodes for lithium-ion batteries. Its business model is closely aligned with the expected boom in electric vehicles (EV).

Here’s the reasons why the Talga share price has risen so much in 2020.

An anode supply crunch

The company has said that despite a large number of graphite producers globally, there is a worldwide shortage of anode, and car and battery makers will struggle to source enough anode.

The company predicted that 3.5 million tonnes of graphite anode will be required by 2029, up from…