So headwinds for SYR as I see it - reduced demand for steel in China as property sector cools. Graphite has major uses in arc furnaces etc used for steel production used in the construction industry - reduced demand is contributing to surplus Graphite in the market. However - China has committed to massive infrastructure build out to stimulate the economy so steel demand used in that will help pick up that surplus Graphite.
Nuclear. Uranium is going gangbusters atm. However in nearly all nuclear power stations graphite is used in cores, as fuel sleeves etc. if the future is nuclear which it increasingly looking like - graphite will also be required in large quantities.
EV’s much discussed already - alternate battery technologies etc main risk but in near to medium term risk is negligible as per Tesla off-take agreement with potential to increase supply. Demand is there for EV but rate of uptake is not as meteoric as hoped.
Shorts in control - we all know that. So it’s a waiting game.
DYOR IMO
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Last
38.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $398.4M |
Open | High | Low | Value | Volume |
39.0¢ | 40.0¢ | 38.5¢ | $1.688M | 4.338M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 198997 | 38.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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39.0¢ | 8127 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 198997 | 0.385 |
22 | 439208 | 0.380 |
4 | 323666 | 0.375 |
11 | 256207 | 0.370 |
7 | 331451 | 0.365 |
Price($) | Vol. | No. |
---|---|---|
0.390 | 8127 | 2 |
0.395 | 180852 | 3 |
0.400 | 296162 | 17 |
0.405 | 40345 | 3 |
0.410 | 164840 | 4 |
Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 15.59pm 17/06/2024 ? |
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