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- ⛏ China Curbs Graphite Exports
Greetings Contrarian,
Source: Trading Economics, Numerco.
This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and engage in physical exercise, today is Friday, but let's take care of our health.
Here are the highlights:
😵 Massive Uranium Enrichment Capacity
🙄 China Curbs Graphite Exports
🐦 Tweet Of The Day
😵 Massive Uranium Enrichment Capacity
The Board of Directors of Orano has approved a significant investment in the project to expand the production capacity of the Georges Besse 2 uranium enrichment plant on the Tricastin site.
This plan, with an estimated investment of 1.7 billion euros, aims to increase production capacity by more than 30%. The decision to expand is rooted in enhancing Western energy sovereignty in France amid the current geopolitical climate, with production set to commence in 2028.
What does this mean to uranium investors? That the market is strong enough for the big guys to expand. Enrichment requires uranium, and nothing changes that.
🙄 China Curbs Graphite Exports
China announced on Friday that it will require export permits for certain graphite products to safeguard national security. This move aims to exert control over critical mineral supplies amid global manufacturing dominance challenges.
China, the world's leading graphite producer and exporter, plays a significant role in refining over 90% of the world's graphite, mainly used in EV battery anodes. These measures have already affected chip-making metals like gallium and germanium.
The new export restrictions will cover specific types of graphite, effective from December 1. Prices for natural flake graphite currently stand at 3,950 yuan per metric ton, down 25.5% in 2023.
Client company Leading Edge Materials (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) (FRA: 7FL) has the Woxna Graphite mine – the only E.U. based built and permitted mine. Don’t say we never warned you.
📰 In Other News:
🐦 Tweet Of The Day
The average length of a bear market is 289 days, or about 9.6 months. That's significantly shorter than the average length of a bull market, which is 965 days or 2.6 years.
TSX Venture Index: Hold my beer
— SmallCapInvestor (@num8ersguy)
3:22 PM • Oct 20, 2023
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Happy Speculating!
The Editor
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
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