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1.90% 51.5¢ syrah resources limited

Syrah's short interest has retreated to levels not seen since...

  1. mle
    194 Posts.
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    05/04/24
    08:26
    Post #: 73199248

    Syrah's short interest has retreated to levels not seen since October 2023. Short interest started to unwind around 5-6 days after the company's $98 million capital raising on 15 March. The raise was conducted at 55 cents per share or a 21.4% discount to pre-raise prices. There have been some interesting developments/data surrounding graphite markets. Here are the most interesting takeaways from a recent .

    China's Jan-Feb graphite exports have plungedafter the implementation of export controls on certain graphite-related products from 1 December 2023. Total exports of flake and spherical graphite have dropped 77.7% and 65.5% respectively in the first two months of the year The report suggests the export controls have had a limited impact on short-term graphite supply

    “There is sufficient capacity of natural flake graphite for the rest of the world, but the major concern for downstream anode and battery makers could be the processing capacity for uncoated spherical graphite on the natural side,” a US-based said.

    “Consumers who used to source from China have been trying to seek other sources to reduce their dependence on Chinese materials, and the shift has been accelerated by China’s export control policy on flake graphite, with more inquires being received for materials from Africa,” a graphite producer in Africa said.



     https://www.marketindex.com.au/news/short-selling-webjet-shorts-are-on-the-rise-syrah-short-interest-drops-to


    SYR Price at posting: 54.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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