Another good example today was MUS reporting was looks to be another large high grade graphite discovery that will probably eclipse many peers in terms of size and grade. Market response? Stuff all closing on their day low. Which other commodity would this scenario have occurred? Only a commodity in serious over supply with weak pricing and volume potential in the short and medium term.
The race to the bottom is well underway with GRA and others realising a straight business plan of selling flake is now a pipe dream. So pushing ahead with more expensive downstream process capacity for battery products. But again, graphite is plentiful and too many players can replicate the same business plan. Why bother?
