The Conversation (0)
Mineweb reported that this month there has been a “massive pick-up of interest in Canadian graphite juniors,” particularly Lomiko Metals Inc. (TSXV:LMR) and Berkwood Resources Ltd. (TSXV:BKR). As yet it is uncertain whether the trend will continue.
Mineweb reported that this month there has been a “massive pick-up of interest in Canadian graphite juniors,” particularly Lomiko Metals Inc. (TSXV:LMR) and Berkwood Resources Ltd. (TSXV:BKR). As yet it is uncertain whether the trend will continue.
As quoted in the market news:
Can you pinpoint a single reason for the run up in junior graphite names? My take is that as junior valuations scrape new bottoms – graphite names with them – overall optimism about the future of the graphite sector has picked up.
For example, there’s been a fair bit of digital ink dispensed on the technological potential of graphene – touted as revolutionary in applications such as screens, though its potential effect on graphite demand would seem to be limited as a super thin application of carbon. Meantime – perhaps with more realistic implications for graphite prices – there has recently been a report on declining supply from graphite mines in China by Industrial Minerals, which reported December 16 that a major graphite producer in China would be shutting down. In turn that, Industrial Minerals suggested, could push up near term graphite prices. In this environment, I wonder if speculative money considers graphite juniors beaten up and worth betting on.
Click here to read the full Mineweb report.
Click here for more information on Lomiko’s share price jump.
