S - Graphite Miners News For The Month Of July 2024

2024-07-26 14:21:09 ET

Summary

• China flake graphite prices were flat to slightly higher for the month.
• Graphite market news — Synthetic anode material average prices tip below natural graphite for the first time in over three years.
• Graphite company news — Syrah Resources operations at the 11.25ktpa AAM Vidalia facility ramping up with solid capacity utilization.
• Westwater Resources announces off-take sales agreement with Stellantis for sale of graphite from its Kellyton Plant. BlackRock Mining has executed full form offtake agreements. Sovereign Metals announces Rio Tinto to invest additional A$18.5 million via option exercise.

Welcome to the July edition of the graphite miners news.

July saw flake graphite prices flat to slightly higher.

Graphite price news

During the past 30 days the China graphite flake-194 EXW spot price was flat The China graphite flake +195 EXW spot price was up 1.30% . 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 flat the past 30 days.

Benchmark Mineral Intelligence 2023 flake graphite and spherical graphite price chart ( source )

Graphite demand and supply forecast charts

Macquarie Research (March 2023) forecasts flake graphite deficits starting in 2025 and growing larger to 2030 ( source ) ...

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