Not sure the TON ann today is good for VXL. Chinese company YXGC is buying 100,000 tonnes per year for 20 years at a floor price of $US 1000 tonne. YXGC will be processing the graphite into a range of products including some high tech ones and high purified ones for a wide range of industries. YXGC operates some of the most advanced graphite processing equipment and uses hydroelectric power to keep cost of production very low. Non Chinese production is all well and good and there is a small market but what we are seeing is the mega production industrial park model ramping up and it promises to undercut all the competition and drive prices down. Will end users pay twice as much for their non Chinese graphite? TON up 60% today.
Not sure the TON ann today is good for VXL. Chinese company YXGC...
Add to My Watchlist
What is My Watchlist?