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Industrial Minerals (subscription) reported new investments into the graphite industry in northeast China.

Industrial Minerals (subscription) reported new investments into the graphite industry in northeast China.
As quoted in the press release:

Local governments in Jilin and Heilongjiang provinces are backing a new industrial park and mine developments, in the hope that public funding will attract private investment into the sector. Some have criticised the timing of the move, given that the region is already facing graphite oversupply.

The government of Ji’an city in Jilin province, northeast China, has invested Chinese renminbi (Rmb) 3.3bn ($508.2m*) in building a new vertically integrated graphite project.

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