EVION GROUP GENERAL DISCUSSION, page-1032

Graphite prices have been weakening.
Demand for natural graphite has sunk significantly after COVID as energy prices in china have come down significantly and production of synthetic graphite is back in the boiler rooms.

Institutional investment is larger players have been withdrawing such as MUFG from SYR.

Sentiment in in the graphite sphere is really weak. Talked to a fund manager that said demand for EVs have fell of a cliff and there is heaps of surplus stock. Battery manufacturers have reduced their orders as their is significant stockpiles. He's expecting Lithium to turn up the heat around 2027-2028 which graphite will follow.

Till then, we will be a expandable graphite producer who would be casflowing and hopefully have multiple project across the globe and still be trading at ridiculously cheap valuation because the sentiment is weak.