“The one bright spot in the market has been Europe, where the graphite market has enjoyed price premiums this year, reflecting geopolitical concerns and higher freight rates and indicating an emergence of ex-China market premiums, which is something that the market has really been looking for, so this is a positive development.”
This statement really shows where EVG is well placed and made a smart move. Out of the Indian plant we’re selling to Europe which is giving us 2 huge benefits… 1) Building a European supply chain outside Chinese control/manipulation 2) Getting a much better pricing contract and connections to ensure we get maximum profits from our output. Can now see why we’re extending and upgrading our Indian plant from start- we’ve got a market already connected for our product. Well done to the Bod for building this supply chain and targeting European market.
EVG Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
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