I'm sure Australian Super are graphite experts
It seems to me they are among those who dont understand the graphite market, and wrongly believe SYRs issues to be driven by simple supply/demand economics.
cutting production might increase the prices of their product in the short term. But as soon as one of the many high quality battery grade graphite hopefuls are up and running with 98%+ GC and 50% profit margins, it's good night Syrah. There is no substitute for quality. Especially in a buyers market.
Graphite Price, page-38
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Last
22.5¢ |
Change
-0.010(4.26%) |
Mkt cap ! $232.8M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 22.5¢ | $1.802M | 7.921M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 1034048 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 443295 | 9 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| SYR (ASX) Chart |