Graphite miners looking good for 2024!

Marc Kennis Marc Kennis, December 1, 2023

Is it the new lithium?

Graphite’s importance in the electrification revolution is underlined by Stuart Roberts from Stocks Down Under.

Stuart shares that graphite is imperative for lithium-ion batteries used in electric cars. Without ample supply of graphite, the transition to greener energy could be at risk. Specifically, he notes that China, a major graphite supplier, could potentially hinder western economies by restricting its graphite exports.

Stuart elaborates on the current graphite market scene, stating there’s a decent graphite supply from African countries like Tanzania and Mozambique for the time being. However, he highlights the opaque nature of the market where prices can fluctuate based on short term trades. Looking further, Stuart highlights the need for the western world to establish new graphite mines in response to China’s export controls.

 

Watch Stuart on AusBiz talking graphite!

 

Several graphite companies digging around in Australia too

Drawing our attention to Australian organisations, Stuart mentions Quantum Graphite (ASX:QGL) with a significant project in South Australia which could benefit from these circumstances. He urges investors to recognise the undervalued importance of graphite, viewing the current market scenario as a valuable opportunity. Additionally, he notes several Australian listed companies with assets in Tanzania like Black Rock Mining (ASX:BKT) to be well positioned given the recent Tanzanian government’s favourable stance towards foreign investment in mining.

 

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