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Renascor Resources Limited ( (AU:RNU) ) just unveiled an update.
Renascor Resources Limited has successfully completed the production of graphite concentrate from its Siviour Graphite Deposit in South Australia. This concentrate will serve as feedstock for a demonstration plant co-funded by the Australian Government, designed to showcase the commercial viability of Renascor’s eco-friendly PSG process. The demonstration plant is supported by major international companies and aims to position Renascor as the first ex-China integrated producer of PSG. The recent US Department of Commerce’s anti-dumping duties on Chinese anodes underscore the strategic importance of Renascor’s initiative to provide alternative supply sources.
More about Renascor Resources Limited
Renascor Resources Limited is a company operating in the mining industry, focusing on the production of graphite products. Its primary market focus is on becoming an integrated producer of Purified Spherical Graphite (PSG) for lithium-ion battery anodes, aiming to offer eco-friendly alternatives to traditional processes.
Average Trading Volume: 2,716,200
Technical Sentiment Signal: Sell
Current Market Cap: A$170.4M
See more data about RNU stock on TipRanks’ Stock Analysis page.