Interest in the graphite sector is growing, with reports Syrah Resources could be subject to a $2b takeover by Glencore
Interest in the graphite sector is growing, with reports Syrah Resources could be subject to a $2b takeover by Glencore. The Australian Financial Review reported today that Glencore approached Syrah to informally convey it would be willing to pay up to $2 billion for the company, citing unnamed sources. The attached chart highlights the respective share price performances over the past 12 months of Syrah (up 200%), along with our two preferred graphite sector exposures, Lamboo Resources (ASX: LMB) (up 2,000%) and Kibaran Resources (ASX: KNL) (up 200%).
Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).