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NGX Limited ( (AU:NGX) ) has provided an update.
NGX Limited has announced a breakthrough in its spherical graphite production process, which involves converting previously rejected fines material into high-value anode precursor materials. This advancement, achieved through collaboration with international technology partners, has the potential to boost yields beyond industry standards, thus enhancing project economics and value. The company’s ongoing anode development program aims to optimize production and assess material performance, potentially positioning NGX as a leader in the graphite anode market.
More about NGX Limited
NGX Limited operates within the graphite industry, focusing on the production of spherical graphite and active anode materials. The company is engaged in developing technology to optimize the use of natural flake graphite, particularly from its Malingunde Graphite Project in Malawi.
YTD Price Performance: -19.44%
Average Trading Volume: 58,193
Technical Sentiment Consensus Rating: Strong Buy
For a thorough assessment of NGX stock, go to TipRanks’ Stock Analysis page.