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Benchmark Mineral Intelligence released a report on the booming Australian graphite industry. The excitement about the sector has largely been spurred by interest in Syrah Resources Ltd. (ASX:SYR).
Benchmark Mineral Intelligence released a report on the booming Australian graphite industry. The excitement about the sector has largely been spurred by interest in Syrah Resources Ltd. (ASX:SYR).
As quoted in the market news:
While the combined market cap of graphite companies in Canada has fallen by approximately 20% to around $520m in 2014, the value of Australian-listed juniors has boomed 120% to $1.1bn in the same period of time (October 2014 data).
This is not necessarily as a result of quality of projects, but rather a wave of excitement in Australia that has long since receded in Canada. Flake graphite’s supply restrictions in China have also resonated in Australia, where investors and companies tend to have a closer link with Asian capital.
Click here to read the full report from Benchmark Mineral Intelligence.
