Published: July 25, 2019 by Stockhead | Written by Reuben Adams|
China continues to ramp up natural graphite imports to meet rising domestic demand from its lithium-ion battery sector…………………………………
In June, David Christensen, boss of Australian based Renascor Resources (ASX:RNU), told Stockhead there was a “paradigm shift” happening where there won’t be enough graphite, either synthetic or natural, for the growing lithium-ion battery market.
Renascor Resources has fast-tracked development of massive deposit yielding high-grade graphite concentrates at a cost low enough to compete anywhere in the world.
Australia could be two years away from becoming home to one of the world’s largest graphite mines, with Adelaide-based junior miner Renascor Resources given a big boost towards its plans to turn Australia’s biggest graphite resource into a producing mine by 2021 after a European governmental agency earmarked substantial financial support.
Published: June 12, 2019 by Stockhead | Written by Angela East |
The graphite market is heading quickly towards a supply deficit and this is likely to see more buyers look to Australia to help fill the gap.
David Christensen, the boss of graphite hopeful Renascor Resources (ASX:RNU), told Stockhead there was a “paradigm shift” happening where there won’t be enough graphite, either synthetic or natural, for the growing lithium-ion battery market.
In April, Renascor Resources (ASX: RNU) caught a rocket after its Siviour graphite project scored potential project finance support from the Dutch government.
This news, alongside an updated resource estimate for Siviour, saw the South Australian explorer spike 30 per cent over a few days.
Now, the company says this potential funding means it can expand Stage 1 production by a whopping 400 per cent.
The new, optimised plan envisages Stage 1 production of 83,400 tonnes of graphite concentrate a year – up from 22,800t previously.