Zhongke Electric’s US$1.2bn Oman Anode Base Targets 2027 Production
Zhongke Electric’s 200,000 tpa Oman anode base has topped out its first building four months after groundbreaking, with Phase 1 first production reaffirmed for 2027.
Shanshan Confirms Anode Price Increases, Following Zhongke Electric
Shanshan has confirmed on the SSE e-interaction platform that some anode prices have already been raised, the second top-three Chinese producer to do so after Zhongke Electric.
GrafTech to permanently close Monterrey graphite electrode facility, cutting annual capacity by 51,000 tonnes
GrafTech International (NYSE: EAF) has announced the permanent closure of its Monterrey, Mexico graphite electrode facility, with production ending early in Q2 2027. The move cuts annual capacity by 51,000 tonnes to 127,000 tonnes and is expected to deliver US$20 million to US$25 million in annual cash cost savings, with output shifting to Calais and Pamplona.
Westwater Resources 25m EXIM Loan
Westwater Resources (NYSE American: WWR) is set to receive a US$25 million loan from the US Export-Import Bank for its Alabama graphite mine and processing facility, according to a Reuters report. The financing forms part of a US$58 million package for three critical-mineral companies, and would support what Reuters described as the country’s first source of natural graphite. WWR shares closed up 87.7% on the report.
Tanzania Cancels Volt Resources’ Bunyu Graphite Mining Licences
Volt Resources has been notified that its two Bunyu mining licences will be cancelled by the Tanzanian government. The company plans to appeal, its UOF funding term sheet has been allowed to lapse, and its shares remain suspended.
World’s Largest Battery Maker CATL Partners with CarbonScape
CATL takes a 20% stake and board seat in CarbonScape, investing alongside Lochpine Capital to scale bio-based graphite toward commercial production.
Sila files US ITC and patent actions against Chinese silicon anode makers
Sila Nanotechnologies has filed an ITC Section 337 complaint and a parallel district court suit against Chinese silicon anode producers C-ONE, alleging infringement of its Titan Silicon patents and seeking an exclusion order to bar imports.
NOVONIX raises A$20.7m in placement
NOVONIX has raised A$20.7m through an institutional placement at A$0.16 per share, a 33.3% discount, and launched a A$3.0m share purchase plan
Shanghai Customs Fines ULVAC Subsidiary Over Unlicensed Graphite Export to Japan
Shanghai customs fined ULVAC Materials (Suzhou), a unit of Japan’s ULVAC, Inc., RMB 10,000 (~US$1,400) for exporting graphite to Japan without a licence under China’s dual-use controls, the latest in a widening enforcement effort.
Zhongke Electric scraps three anode projects to concentrate on its Luzhou and Oman bases
Zhongke Electric, a top-three Chinese anode producer, has terminated three planned projects worth roughly RMB 10.3 billion (~US$1.5 billion), choosing instead to concentrate capital on its 300,000 tpa Luzhou base and 200,000 tpa Oman base as oversupply reshapes the sector.