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Thursday, 03/01/2018 4:24:42 PM

Thursday, March 01, 2018 4:24:42 PM

Post# of 1795
China used to own 66% of world graphite market share. But they've had to shutter 30% of their facilities and are becoming a net importer of graphite. The rising demand of lithium ion batteries for emissions less cars (actually very little lithium, mostly graphite) means the demand is expected to grow by 10x in the next 5 years according to some analysts. Even if China reopened all thier mines we would have a colosal supply side crisis on our hands that won't go away for many years. Simple math demands that more mines get opened. And the price is going through the roof so thankfully it's a lucrative proposition to be opening up graphite mines. $GRXXF is sitting on a money fountain.