Some background to the return of graphite in Australia
Some background to the return of graphite in Australia. In 2013 the 20 listed ASX graphite companies had a combined value of $550million. Today that figure is $1.45 billion, a rise of 164%. Australia's last graphite mine was closed 20 years ago - at the time graphite was used predominantly as an industrial lubricant. The Uley graphite mine in South Australia has recently recommenced operations, driven by a resurgence in demand for graphite. Graphite is an essential ingredient in modern electronic devices such as smartphones as well as in battery powered cars such as those produced by Us giant Tesla. With increasing penetration of smartphones and the rise of battery powered cars it looks like demand for graphite will continue for years to come. The following video from AFR TV wraps up the graphite story nicely. (VIEW LINK)
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