Morgs, it's not rocket science. The growth in global demand for graphite is outstripping supply. Too much attention has been focused on the cathode side but the reality is, it's the anode which has the biggest supply constraints and completely dominated by China.
We just reopened the worlds biggest mine at the same rate as 2019 and didn't swamp the market like it did back then. This northern winter the chinese will have to put their cards on the table when they close their mines. We'll know for sure where their supply and demand is at and when the market will need Balama at full production. The chinese have been diverting supply away from the refractory market to support battery production. Have a look at the EV production figures from China this year which I posted earlier.
We know a couple of Giga factories open between now and then plus SYR in the quarterly posted the dramatic increase in Chinese AAM production. The growth rate only increases from here. Mega factories are being outstripped by giga factories or being upgraded into giga factories.
Winter is coming
Morgs, it's not rocket science. The growth in global demand for...
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| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 19/04/2024 (20 minute delay) ? |
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Last
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Change
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