S - Graphite Miners News For The Month Of May 2024
2024-05-30 10:34:33 ET
Summary
- China flake graphite prices were flat for the month.
- Graphite market news - In May, we heard a lot of positive news from the U.S. government impacting the graphite sector.
- Graphite company news - Syrah Resources lower Balama graphite production (11kt in Q1) due to China's export licensing controls impacting demand. Ceylon Graphite announces M1 license renewed.
- Renascor secures A$185m EFA loan for Siviour Graphite Project. NMG announces the closing of an aggregate US$37.5-million private placement by Mitsui and Pallinghurst.
Welcome to the May edition of the graphite miners news.
May saw flake graphite prices unchanged/flat for the month. We did hear some news from the U.S. government including an extension on the current FEOC 50% rule for graphite to 2027, LPO funding eligibility for US miners (production & extraction activities), and an increase from 0% to 25% tariffs in 2026 on China graphite imports.
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 flat. 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 0.43% the past 30 days.
Benchmark Mineral Intelligence 2023 flake graphite and spherical graphite price chart ( source ) ...
Graphite Miners News For The Month Of May 2024