Could the market face the risk of another price drop if more projects come into production?
MG: Absolutely. Prices are going to be driven by the dynamic of supply versus demand, but new mines take a number of years to be completed. And not every mine will prove to be commercial. There could still be a prolonged period with strong graphite prices and moderate increases. However, our long-term modeling for graphite companies is conservative. We are taking into account increasing supply. After continued modest increases in the graphite price over the next few years, we are looking for prices to moderate in the order of magnitude of about 25% from where they are now.
