It is a massive understatement. China produces around 70 to 80% of the world's graphite. It is also looking after its internal battery affairs (rightfully so), as the world is transitioning into lithium ion batteries. The Western world will be looking for stable supplies of battery grade graphite (RNUs PSG is perfect example of quality assurance and stability). The world will be looking for a stable supply out side of Asia and Africa. There is a huge short squeeze for graphite inbound in my opinion. Which is prime time to optimise our DFS. We are years in front of where we assumed we would be in terms of graphite pricing.
Beautifully positioning, right place, right time.
As for the down rampers, welcome aboard to the largest graphite mine outside of Africa in a geopolitical stable mining country. Australia.
GLTA, keen to see some exciting news coming in the next few months.
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