Peter Wright of Bass Metals: The Graphite Market Will Be Moderately Stronger in 2019
At the Graphite+Anodes event, the Investing News Network spoke to Peter Wright, executive director of Bass Metals, who shared his thoughts on the graphite market and what’s ahead for his company.
This year’s Graphite+Anodes conference gave attendees the opportunity to hear presentations from experts and CEOs. At the event, the Investing News Network spoke to Peter Wright, executive director of Bass Metals (ASX:BSM).
The Australia-listed company, with operations in Madagascar, is an emerging producer of industrial mineral concentrates.
In August, Bass Metals flagship project, the Graphmada large flake graphite mine, achieved nameplate production, just a couple of months after the mine was commissioned — one of the most important news for the company this year, Wright said.
Speaking about how the market performed in 2018, he said there were no surprises and prices had performed as he expected at the end of last year.
Next year, Wright expects the market to be “moderately stronger” and added that the challenge for all market participants is to reduce costs.
Wright also talked about some of the misunderstandings in the graphite the sector, and what mistakes investors should try to avoid if they are looking to jump into the space.
“First of all is the difference in pricing across the different concentrates,” he said, adding that the second most challenging aspect of the space is financing.
Wright also shared his thoughts on graphite-based anodes used in electric cars, what is the future for the critical metal in batteries and his thoughts on the natural versus synthetic debate.
Listen to the interview above for more insight from Wright, including what’s ahead for Bass Metals in 2019. You can also click here to listen to our full Graphite+Anodes interviews playlist on YouTube.
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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in contributed article. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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