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Global Li-Ion Graphite ( (TSE:LION) ) has shared an update.
Global Li-Ion Graphite Corp. has secured a processing plant near its Ambato Arana Graphite mine, which will enhance its production capabilities. The plant, previously used for processing ore from the same area, will undergo upgrades to improve graphite concentrate quality and increase output. This strategic move positions the company to capitalize on the growing demand for non-Chinese graphite, especially in light of recent US tariffs on Chinese graphite products. The acquisition is expected to strengthen the company’s operations and market positioning, as the US continues to report zero domestic production of natural graphite.
More about Global Li-Ion Graphite
Global Li-Ion Graphite Corp. operates in the mining industry, focusing on graphite production. The company is involved in the extraction and processing of graphite, particularly from its Ambato Arana Graphite project in Madagascar. The project comprises three renewable mining licenses covering 4,375 hectares, with historical production dating back to 1910. The company aims to leverage modern production techniques to exploit these deposits on a larger scale.
YTD Price Performance: 80.0%
Average Trading Volume: 7,301
Technical Sentiment Signal: Hold
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