Ann: Siviour Battery Anode Material Study Results, page-469

Price of oil is my guess.

Reduces the cost of pet coke as well as the cost energy to produce synthetic, as well as the reduced steel consumption, a major graphite market.

China will likely continue to stimulate their economy, this will increase demand on steel and oil, and prices will rise, the battery marekt in the H2 of this year will see anode demand rise a lot and so i think we are in for the perfect storm.

All those fearing the graph about over supply in 2028, just keep in mind that even benchmark and the rest, have missed all battery demand expectations so far, it also talks to supply, highly probably supply and probable supply.

With discipline, and as to what happened in the lithium space, if Syrah etc keep supply down, the graph showing supply exceeding demand in 2028, will be redundant, and we will likely see a lithium style "low prices cure low prices" sooner, and we should be in production just as that sweet spot hits, as per the PLS story that we all talk to.

Just my opinion regarding the recent sell off. I managed to pick up another 10k at the open yesterday. 13.5c with cash in the bank to survive a long long winter if needed, its about as safe as one can ask for in the risk space.