Always nice to read your posts.
Fastmarkets have some good articles on this.
There has been a large uptick in production capacity of synthetic graphite. This, plus lower coke prices, has dropped synthetic prices close to natural - which has traditionally been cheaper.
Link to Fastmarkets article
Anode prices have dropped, keeping up demand for new sources of graphite, which is being met faster by synthetic production.
This is affecting the whole graphite mining sector, not just RNU. I don’t think we need to panic. The market will find an equilibrium, and large-scale low-cost high-ESG producers of high-quality natural in IRA-friendly regions will still do well I.e. why RNU still fields demand enquires.
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