TON Offtakes, page-12

"it augers well for many wannabe graphiters outside of China."

To the contrary i would think. the industrial mega model of graphite reflected in the TON agreement will produce a huge output that will drive prices down. The graphite market is not expanding at 10% a year, it's flat to down this year depending on grade of mineral. The use of hydo power will ensure a low COP. While there is a demand for non Chinese graphite (only 30,000 Tonnes per annum) it will be more relatively expensive now. As always the Chinese will kill the competition by steadily lowering their production and product costs and they are strategic players who will sustain losses if they have to. Only a few projects will survive and they won't be the small ones.