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Sovereign Metals Limited ( (AU:SVM) ) just unveiled an announcement.
Sovereign Metals Limited has announced that their Kasiya graphite meets the requirements for refractory applications, a significant market for natural graphite. The test results, conducted by German labs, show Kasiya’s graphite has low impurities and a large flake size, both desirable traits for refractory use, positioning Sovereign favorably in the market. With a production cost of US$241/t and potential prices as high as US$1,193/t for large flake graphite, the company is well-placed for sales and marketing discussions.
More about Sovereign Metals Limited
Sovereign Metals Limited is a company engaged in the mining industry, focusing on the production of graphite and rutile. Their market focus includes supplying natural graphite for use in refractory applications and anode materials for lithium-ion batteries, leveraging the high-quality graphite concentrate from their Kasiya Rutile-Graphite Project.
YTD Price Performance: 6.76%
Average Trading Volume: 432,136
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$473.9M
See more data about SVM stock on TipRanks’ Stock Analysis page.
