Well I have a contrarian view there. Less mines is better for us as it restricts supply. Less supply with increasing demand = price increases. Price rises spur investment and more mines….
We’re pretty much in the same place Lithium was in 3 years ago. How many junior Lithium miners did you hear about then? None. Now prices have risen we seem to hear about “the next big thing” in Lithium every other day.
China has graphite mines. Syrah is pretty much the only fully functioning 100% commissioned mine Ex China and it’s the worlds biggest.
Demand will come - it will just take time. Slowly - then all at once - like it did with Lithium.
DYOR IMO
Well I have a contrarian view there. Less mines is better for us...
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Last
32.0¢ |
Change
-0.015(4.48%) |
Mkt cap ! $331.1M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.5¢ | 32.0¢ | $2.426M | 7.491M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 868348 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 40000 | 1 |
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| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| SYR (ASX) Chart |