Syr has dropped from $3 in a year, so to go from 43 cents to 67 cents, is a relief rally.
Secondly syr has drastically slashed production and that's helped the graphite price to improve a little bit, from decades lows.
Why graphite is a dead duck. The extra capacity that is waiting on the sidelines if demand improves, puts a dampener on the graphite price, can't really move that much more higher without a supply response.
Go and research current graphite miners and you will see nearly every single one has explanation plans in place, and with existing mines it's cheaper and quicker to get graphite production to market. Thereby making development assets like ton un needed. So it's a big slog to get a development mine up, but it can be done, syr has proved it, but you need to understand the pain involved
