An update from EcoGraf ( (AU:EGR) ) is now available.
EcoGraf Limited has completed an Independent Engineering Study for its TanzGraphite Mechanical Shaping Facility in Ifakara, Tanzania. This facility is set to process 20,000 tonnes per annum of flake graphite into spherical graphite, a key component for lithium-ion batteries, with a competitive yield of over 60%. The project benefits from significant cost advantages due to its location and potential investment incentives, including tax exemptions. The facility will support EcoGraf’s broader strategy of expanding its Epanko operation and establishing purification facilities in Europe, thereby strengthening its position in the graphite value chain and appealing to global markets.
More about EcoGraf
EcoGraf Limited is a company operating in the graphite industry, focusing on the production and value addition of graphite products. Its primary services include the development of spherical graphite and battery-grade anode material, with a market focus on sustainable and low-cost production for the lithium-ion battery sector.
YTD Price Performance: 242.00%
Average Trading Volume: 238,294
Technical Sentiment Signal: Sell
Current Market Cap: €79.08M
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