The next 6-12 months are going to be a bumpy ride for the SP of both SYR and NVX as they near first sales of AAM. For the rest of the graphite industry trying to bring mines into operation and for some, becoming fully integrated like SYR, it will be even longer.
Flake sales at consistent volume from Balama will be dependant on how fast other ex-China natural AAM producers can come online and ramp. All western battery manufacturers will be crying out for ex-China AAM for the next 10 yrs.
General Discussion, page-147
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