Abstract: Graphite is an important strategic mineral resource in China, which is widely used in iron and steel, metallurgy aerospace and information technology. Based the present situation of graphite in resources, supply, consuming, the paper suggests that the reserves of flake graphite is stable and rising and cryptocrystalline graphite is stable compared with 2012. The demand for the exploration and development of graphite is reasonable. Global and China's graphite production has been relatively stable for the lasting ten years. And the existing reserves of graphite meet the demands. The traditional application of graphite in China has declined and the emerging application of graphite has grown fast. Primary processing (i.e. flake graphite) and advance processing (i.e. aphanitic graphite) both have improved rapidly. The price gap between graphite products in China and similar products in developed countries has narrowed sharply in recent years. Some high-end products, such as cathode batteries, have reached the first market share in the world. Both high or low prices can block the development of graphite-related industries. The orderly development and a reasonable price of the graphite are important for the development.