Graphite miner Triton Minerals Ltd [ASX:TON] shares plummeted on Tuesday after exiting a trading halt and updating the market on a security incident at its Mozambique mine.
Stay Informed About the Latest Developments in the Graphite Industry
It doesn’t sound all that interesting. It’s not considered a precious metal, and its name doesn’t bounce around the market like zinc, lead or lithium does.
But it’s actually somewhat of a hidden gem in the metals sector.
Graphite is a naturally occurring form of carbon. It has an extremely high resistance to heat, which comes in handy for many industrial applications.
As EVs continue to roll out, we are already seeing a lot of car and battery makers scrambling to secure their supply not only of lithium but also graphite.
Shares for Renascor Resources (ASX: RNU) were soaring yesterday after announcing the Australian government has conditionally approved a $185 million loan facility for their Siviour Graphite Project.
Of course, cycles are everywhere in life, and another area where we see cycles is commodities. The way commodity cycles go, there’s first usually an increase in demand where supply can’t keep up.
Renascor Resources (ASX:RNU) shares are soaring today after the exploration company revealed it had finished up its commercial-scale milling trials.
Syrah Resources Ltd [ASX:SYR] recorded strong operational performance with 29,000 tonnes of natural graphite. SYR share price is up 14% this month…