Just to reiterate some points brought up recently.Resource World Magazine January 18,2023 had an article on graphite.I quote just some of the article
“Benchmark Mineral Intelligences Andy Miller sees demand for graphite over the next decade rising at an annual compound rate of 10.5%,however supply will lag at only 5.7%.
Demand for natural graphite is set to overtake synthetic by the end of the decade because of worries about synthetic environmental impact.Natural will grow by more than 400%,synthetic by 170%.”
If you consider that China produces over 90% of natural graphite and over 70% of synthetic graphite and the world is looking for alternative supplies to China then its easy to see near term producers like RNU(2024) will be in high demand
RNU chart, page-2905
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $279.5M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.0¢ | $205.1K | 1.815M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 1626162 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 473947 | 8 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
11.0¢ |
Change
-0.005 ( 4.35 %) |
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| Open | High | Low | Volume | ||
| 11.5¢ | 11.5¢ | 11.0¢ | 1091601 | ||
| Last updated 15.58pm 27/05/2024 ? | |||||
| RNU (ASX) Chart |