Yes it seems undervalued until you realise that the Indian graphite doesn’t have any regular supply agreements. Thus it’s just a p&d on each “new customer” that makes a purchase.
Thats probably why no institutions are currently touching us as it ain’t worth the risk. All those “many potential buyers” of the expandable graphite is probably Ali Baba “is this product still available” automatic messages.
Or just commodity analysts trying to see what price companies are trying to sell the thing.
I think market has picked up on that now and responding accordingly.
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