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
- Forums
- ASX - By Stock
- SYR
- SYR Charts
SYR Charts, page-1480
- There are more pages in this discussion • 1,806 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SYR (ASX) to my watchlist
(20min delay)
|
|||||
Last
49.0¢ |
Change
-0.025(4.85%) |
Mkt cap ! $420.3M |
Open | High | Low | Value | Volume |
51.5¢ | 51.5¢ | 49.0¢ | $2.304M | 4.637M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 618511 | 49.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.5¢ | 71592 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2309 | 0.535 |
1 | 1 | 0.505 |
3 | 62020 | 0.495 |
11 | 600711 | 0.490 |
10 | 340312 | 0.485 |
Price($) | Vol. | No. |
---|---|---|
0.480 | 2000 | 1 |
0.495 | 79592 | 4 |
0.500 | 215217 | 4 |
0.505 | 130595 | 4 |
0.510 | 250980 | 7 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
|
|||||
Last
49.0¢ |
  |
Change
-0.025 ( 5.77 %) |
|||
Open | High | Low | Volume | ||
51.0¢ | 51.0¢ | 49.0¢ | 1219056 | ||
Last updated 15.59pm 06/05/2024 ? |
Featured News
SYR (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online