Two factors are hugely positive for Syrah:
1) China: Production costs are expected to rise in China due to the new environmental law. Notably "... graphite is also expected to be impacted over the coming weeks." (Source: Industrial Minerals)
2) Tanzania: Today there's chaos for graphite companies planning to mine in Tanzania, see this article. The country risk premium for mining companies in Tanzania has just spiked making it much less probable that Magnis Resources, Kibaran Resources et al. will receive funding (they're in a trading halt now).
The two factors above are a potential paradigm shift for Syrah. Huge!
Two factors are hugely positive for Syrah: 1) China: Production...
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Last
23.0¢ |
Change
0.015(6.98%) |
Mkt cap ! $238.0M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.0¢ | 22.0¢ | $684.9K | 3.024M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 61151 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 24346 | 2 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| SYR (ASX) Chart |