"The Japanese companies are said to be keen to diversify their dependence away from China for graphite supply, with the country clamping down on polluting miners. Graphite is a key ingredient in the production of lithium-ion batteries, and the Japanese and Korean battery makers have a huge head start, which they want to maintain."
Australia is Japan's trading partner and Toyota already has a plant in Australia. Japan is looking to Australia to get their supply which is deemed to reduce soveriegn risk. They are looking for a supplier with high quality and BUX appears to qualify in that respect. China already has a foot in Australia and is also looking for supply to supplement or replace some of their supplies. Australia fits the bill as the nearest reliable supply of their resources.Graphite appears to be very much on their menu and Australian miners will be talking to bew customers in this area. Excitement is in the air for Australian graphite producers.
BUX Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
