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An announcement from International Graphite Limited ( (AU:IG6) ) is now available.
International Graphite Limited has announced a significant expansion in Europe through a joint venture with Arctic Graphite AS to develop an expandable graphite facility in Germany. This facility, targeting a production rate of 3,000 tonnes per year, will be one of the few domestic sources of expandable graphite in the European Union, addressing the growing demand in industries such as construction, electronics, and green steel. The project, which is expected to begin production in 2027, marks the company’s first planned offshore production facility and aligns with its strategy to become a diversified producer of high-value graphite products. The initiative is supported by Graphite Investment Partners LLC, which has committed to arranging significant non-dilutive funding, and involves collaboration with technical experts like ProGraphite GmbH and Hensen Graphite and Carbon.
More about International Graphite Limited
International Graphite Limited is an Australian company focused on the production and supply of high-quality graphite for industrial and battery markets. The company aims to provide a vertically integrated operation from its world-class graphite resource in Western Australia.
Average Trading Volume: 293,536
Technical Sentiment Signal: Buy
Current Market Cap: A$14.32M
Learn more about IG6 stock on TipRanks’ Stock Analysis page.