Graphite squeeze “on”
China remains a net importer of flake graphite and has now been a net importer for five out of the last six months. There was a substantial increase in realized import prices for flake in October with prices for imports from Mozambique up to US$770/t from US$646/t last month and for Madagascar up to US$917/t from US$625/t last month. While we don’t know if the make up of the baskets changed, this increase in prices seems to suggest robust demand and potentially a point of inflection in the trading environment. AAM production continues to accelerate, which seems to suggest that...