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Northern Graphite closes acquisition of two graphite mines; 3rd largest non-Chinese graphite company

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Canada-based Northern Graphite Corporation has closed its previously announced acquisition of the producing Lac des Iles graphite mine (LDI) in Québec from a subsidiary of Imerys SA and the Okanjande graphite deposit/Okorusu processing plant in Namibia from a subsidiary of Imerys and its joint venture partner. Sprott invested CDN$3.75

Namibia 284
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Walkabout Resources’ Tanzanian graphite project moves to construction phase

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Metallurgical testwork indicates that the Lindi Jumbo Project can produce concentrate that contains a “best-in-class” flake distribution of up to 75% above 180 microns (µm) of high purity (>95% TGC) through an industry-standard floatation flowsheet. This includes up to 25% of the graphite flakes above 500 µm (+35 mesh).

Tanzania 418
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Roskill: graphite prices could push higher on tightening markets for batteries & electrodes

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First, environmental plant closures in the raw material coal needle coke industry hampered the production of graphite electrodes. At the same time, consumption of graphite electrodes in electric arc furnaces (EAFs) began to rise as the Chinese government took steps to halt production of poor quality induction furnace steel. Mt in 2017.

Price 207