Back in Feb I wrote that the China sell off was pushing down...

Back in Feb I wrote that the China sell off was pushing down price to $490/t while costs were $534/t. We needed at least a 10% increase to break even and considerably more to fund the planned expansions. UBS at the time was tipping graphite prices to surge 50% from the 2023 lows and has set its long-term flake graphite price at $850/t. Macquarie Research are forecasting graphite deficits to begin in 2024 and increase each year to 2030. The image that hopefully is attached shows that graphite prices has been very much higher in the past with spot prices up to $3000/t. However that was before China brought all their graphite on line so we will not see those types of prices again I assess. I would be pretty happy at ranges between $850-1200 /t. I am uncertain in dollar terms what type of profits SYR could make with prices within those ranges. At the end of the day until we are in profit we are really not going to get the shorters off our back or see the SP really get to the $2-3 range I would like. In the meantime graphite flake has remained flat for the last 90 days but I look forward to announcements and that forecast increase in graphite price actually happening between now and the end of the year. I am not aware of anything that has changed this analysis.

https://hotcopper.com.au/attachments/image-png.5942659/?temp_hash=56023ccc185653892060f840923334a3