Their pricing assumptions on graphite foils are not accurate as...

Their pricing assumptions on graphite foils are not accurate as Mordor has zero experience in graphite powders or end uses based on Mordor's own reports and client base.

Once Phil Hoskins left the company, focus on diverse market / applications to only two markets is for which the EV market is NOT growing outside of China and as of today, Porche reported billions in losses over recent years on EV investments and will now refocus on petrol and diesel engine cars. Porche has lost half its market value and losses will continue to mount as well as restructuring costs over the next twelve months.

It appears the unsubstantiated EV hype continues where the natural graphite landscape is littered with insolvent and near-term insolvent companies and will also lead to more natural graphite projects joining Walkabout and Syrah either in administration or shutdown.