RNU

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sentinel1221

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05/08/23

10:07

Post #: 69175072
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Originally posted by Scarpa: ↑

This image is from this Post #:67202310

The point of posting is that in effect you need 1kg graphite per kWh, which is similar to the 0.9 kg LCE you need per kwh in EVs. What I have found strange with the graphite price is that it seems to be doing the opposite to the spodumene price.

Unless EV batteries going forward do not have graphite in the anode, and that appears a long way off, then unless new graphite mines come onstream then IMO this will adversely impact EV supply itself. The above embedded post goes into lithium and graphite needs. At some point the market for graphite will have to turn or it will impact EV supply (unless graphite can be taken out of the anode of batteries without impacting EV costs, range and distance to recharge). However most batteries going into EVs have graphite in the anode.

Having said that, RNU has been quite slow and should have been more on the front foot than what it has done to date. South Australia, which wants to become a mining hub, also needs to start getting its act together as approvals generally take too long - just have to look at how long it took to get the PEPR done here. We got the PEPR approval but the BAM now just keeps been delayed, and yes I expect construction costs to have increased.

I keep scratching my head why graphite prices are where they are at - unless of course batteries are still heavily reliant on synthetic graphite, which impacts the claims of battery markers and EV producers around ESG. Disappointing is all I can say with all the delays.

From RNU's perspective, I just want them to hurry up and get this to production. It is becoming a painful hold. Need binding agreements to underpin funding

All IMO

All IMO

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One issue I can see is that synthetic graphite is being used as it's cheaper.
But yea, we need to get a move on

RNU Price at posting: 18.5¢ Sentiment: Hold Disclosure: Held
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