ZTEK - Graphite Miners News For The Month Of April 2024

2024-04-30 12:02:45 ET

Summary

• China flake graphite prices were mixed but generally flat remaining at very low levels.
• Graphite market news - Fastmarkets - Natural graphite under pressure from synthetics, amid oversupply, slow trade flows.
• Graphite company news - Syrah Resources reports 2023 net loss and completes retail entitlement offer of A$98M at A$0.55 per share.
• Renascor Resources announces A$185M loan facility from the Australian government approved to fund development of Siviour Graphite Concentrate Operation. EcoGraf HFfree proprietary purification achieves 4N 99.99% Carbon.

Welcome to the April edition of the graphite miners news.

April saw flake graphite prices mixed and generally flat at very low prices near US$500/t.

Graphite price news

During the past 30 days, the China graphite flake-194 EXW spot price was down 0.66%. The China graphite flake +195 EXW spot price was up 1.3%. Note that 94-97% is considered best suited for use in batteries; it is then upgraded to 99.9% purity to make “spherical” graphite used in Li-ion batteries. The spherical graphite 99.95% min EXW China price was down 1.94% the past 30 days....

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