The price which is very low was embedded in a Fastmarkets article titled "China’s Putailai to build anode factory in Sweden". They cover a lot more topics with the factory in Sweden covering only about 20% of the article so read the entire article. They go on to say how difficult it is to get financing etcFastmarkets’ weekly price assessment forgraphite flake 94% C, -100 mesh, fob Chinastood at $670-720 per tonne on Thursday May 12, down by 16.26% since the start of the year.
Meanwhile, Fastmarkets’ price assessment forgraphite spherical 99.95% C, 15 microns, fob Chinawas assessed at $2200-2500 per tonne on the same day, down by 11.32% from the start of 2023.
“I think we’ll have it right when you talk about the calm before the storm. While the graphite price has been experiencing a downtrend in the past couple of months, it’s just a cyclical phenomenon,” David Christensen, chief executive officer at Renascor said. “And part of the weakness is because of significant investment in the midstream production capacity, but it hasn’t been matched by the upstream development.”
“And I think what we’re seeing with the graphite space right now is we all look at a medium-term and a long-term outlook as particularly rosy, but we’re in an immediate term where the price is low,” Christensen added.
https://www.fastmarkets.com/insights/chinas-putailai-to-build-anode-factory-in-sweden
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26.5¢ |
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-0.010(3.64%) |
Mkt cap ! $274.2M |
Open | High | Low | Value | Volume |
28.0¢ | 28.0¢ | 26.5¢ | $966.4K | 3.568M |
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No. | Vol. | Price($) |
---|---|---|
17 | 548863 | 26.5¢ |
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Price($) | Vol. | No. |
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27.0¢ | 128000 | 2 |
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No. | Vol. | Price($) |
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16 | 545090 | 0.265 |
19 | 766594 | 0.260 |
14 | 688217 | 0.255 |
26 | 667586 | 0.250 |
12 | 697154 | 0.245 |
Price($) | Vol. | No. |
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0.270 | 128000 | 2 |
0.275 | 138231 | 5 |
0.280 | 111713 | 8 |
0.285 | 186430 | 4 |
0.290 | 178000 | 7 |
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