Technical Analyst Clive Maund wrote earlier this month that "the...

Technical Analyst Clive Maund wrote earlier this month that "the intensifying debt crisis is expected to lead to a capital flight from all debt instruments and fiat generally into tangible assets, and specifically into commodities such as graphite, all of which are expected to soar."

Maund continued, "An important factor we should take into account that could see it exceed these earlier peaks, perhaps by a long way, is that unlike back then, we are now entering a major broad-based commodities bull market that will see metals and rare earths, etc. advance across the board with another big catalyst now coming into play being the newly announced heavy tariffs on Chinese imports that suddenly make domestically produced graphite much more competitive and attractive. So the outlook for stocks like Graphite One could scarcely be better, and it is accordingly rated a Strong Buy, especially on any minor dips.”

The 25% tariff on Chinese synthetic graphite is currently under an exclusion that expires at the end of May, Graphite One noted.

https://www.streetwisereports.com/article/2024/05/23/graphite-co-with-massive-graphite-deposit-meets-with-biden.html?m_t=2024_05_23_10_55_50