Where did you get this price chart from mate?
The drop in graphite price had been caused by drop in demand in the EV sector largely in China due to economic slowdown and problems. This also caused abundance of inventory of cheap synthetic graphite in China.
The desire to diversify supply away from China will cause the price of natural graphite to rise again. There are also several active anode facilities in various stages of construction being built in the US, South Korea, Indonesia, India and Africa which will increase future demand which will be buying natural graphite ex China. Also, when China inventories start to deplete we should see further graphite price rise again. Graphite price is projected to propel higher (much higher than 2022 levels) and past the bottom as per the graphs below
I think the next 6-12 months and beyond will be huge for RNU.
Interesting reads about and what had been taking place in the graphite market
https://www.fastmarkets.com/insights/graphite-market-outlook-five-key-factors-to-watch
https://www.fastmarkets.com/insights/syrah-resources-graphite-deals-in-line-with-supply-diversification
https://www.fastmarkets.com/insights/graphite-producer-nextsource-signs-mou-to-secure-battery-materials-supply
