NVNXF - Graphite Miners News For The Month Of January 2024

2024-01-30 12:27:04 ET

Summary

• China flake graphite prices & spherical graphite prices were very slightly lower the past month.
• Graphite market news - Project Blue forecasts new supply to balance the graphite market in 2024. Fastmarkets forecasts excess graphite supply in 2024.
• Graphite company news - Northern Graphite updated Mineral Resource- potential to extend mine life by at least 8 years. Evion Group begins commissioning at JV expandable graphite facility in India.
• NMG acquires Mason Resources’ Lac Guéret Graphite Deposit/Uatnan Mining Project. Metals Australia sampling program at Lac Rainy produced an averaged 11% Cg across a 36km strike-length.

Welcome to the January edition of the graphite miners news.

January saw flake graphite prices very slightly lower and some analyst's forecasts for a balanced market (others forecast excess supply) year for graphite.

Graphite price news

During the past 30 days the China graphite flake-194 EXW spot price was down 0.38%. The China graphite flake +195 EXW spot price was down 0.40%. 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 0.84% the past 30 days....

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