For me, it was the complete change in dynamics of the EV market. It just wasn't about making cars anymore. It was realising O/S governments, state and/or federal were linking EV adoption and shutting down power stations as their two main drivers to meet their zero emission targets. Then using covid stimulus payments to hasten it forward. Effectively getting 2 bangs for their buck. Then watching all the major OEM's fall into line and race to get in first to grab market share. Over 1 Trillion dollars will be invested in the electrification of transport and storage from 2020 to 2030. It's only 2021.
When China stop subsidising EV's in 2019, it stopped the rapidly expanding EV supply lines in its tracks. Lithium as well as the graphite markets were decimated but there is no going back from here. Governments have enshrined it in law by banning ICE vehicles in the near future. Comparing the graphite/EV market today with 2018/19 is like comparing apples with oranges.
IMO, there will be a shortage of graphite by 2025.
For me, it was the complete change in dynamics of the EV market....
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Last
53.0¢ |
Change
0.005(0.95%) |
Mkt cap ! $454.1M | |||
| Open | High | Low | Value | Volume |
| 53.5¢ | 53.5¢ | 52.8¢ | $433.4K | 815.0K |
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| No. | Vol. | Price($) |
|---|---|---|
| 26 | 332849 | 52.5¢ |
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| Price($) | Vol. | No. |
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| 53.0¢ | 146125 | 9 |
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| Last trade - 11.12am 03/05/2024 (20 minute delay) ? |
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Change
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| Open | High | Low | Volume | ||
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| Last updated 11.33am 03/05/2024 ? | |||||
| SYR (ASX) Chart |