Post by
Cryptoleaf on May 04, 2020 2:42pm
In for the long term!
I just allocated a significant percentage of my portfolio to this company. While the market is in a bit of a lul right now due to pandemic conditions, this will soon pass, and the long-term outlook for this company and the industries it serves is certainly positive. In 2019, 180,000 tonnes of graphite was consumed for lithium-ion batteries. By 2025 the demand is projected to meet 1.6 million tonnes. Ceylon Graphite are able to cost-effectively produce exceptionally high-grade (99.9997% pure) graphite that is particularly qualfiied for use in electric vehicle batteries. Over the course of 2020 they are focused on ramping up production across four of their natural graphite facilities, which are among the lowest-cost and quickest-to-market in the world.
Just my $0.02, DYOR
Comment by
Tradertimestwo on May 05, 2020 5:40pm
With ya. High risk high reward short term. Longterm looks bright. They already have a deal to sell 50% of thier battery grade graphite to a major battery supplier i believe.