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GRAPHITE MARKET
WEEKLY UPDATE:
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| Highlights from 20 - 24 October, 2025 |
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WEEKLY SUMMARY
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Critical minerals took centre stage this week following the announcement of the new U.S.–Australia partnership, under which Graphinex secured a Letter of Interest of up to US$860 million. The news came during IMARC, one of the world’s leading mining conferences, which GraphiteHub attended.
This week in the graphite market, Renascor Resources reported construction progress at its PSG Demonstration Facility. International Graphite advanced its Collie operations with new land acquisitions and planning approvals and Evolution Energy Minerals announced its commitment to accelerate first production at the Chilalo Graphite Project.
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| Graphite prices in China remained flat this week.
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Turning to the wider EV market, Tesla reported record quarterly revenue of US$28 billion, up 12% year-on-year, as U.S. buyers rushed to claim expiring federal tax credits on electric vehicles. However, profits fell 37%, weighed down by tariffs and higher research spending linked to AI and robotics initiatives, underscoring the company’s broader shift toward technology and energy solutions. Meanwhile, the energy storage sector continues to expand rapidly, with lithium demand from power storage helping to offset slower U.S. EV growth following the removal of federal tax credits and emissions standards. Despite lithium prices falling nearly 90% from 2022 peaks, market stability is expected to improve through emerging spot trading mechanisms and longer-term offtake agreements. |
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KEY UPDATES FROM GRAPHITE COMPANIES
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ASX: EVG: Evion completes Placement led by US Critical Minerals Group
ASX: BKT: Share Purchase Plan Closes Oversubscribed
ASX: IG6: Collie land acquisition & approvals move ahead
TSXV: FMS: Focus Graphite’s Lac Knife Material Passes C4V Validation Testing, Advances to Next-Stage Battery Qualification
AIM: GROC: EUR 5m Secured Loan Facility
ASX: VRC: Volt Achieves Technical Milestone in UHP Graphite Trials
ASX: EGR: Completion of Epanko Resettlement Action Plan
ASX: RNU: PSG Demonstration Facility – Construction Advancing
ASX: SGA: Investor to Advance up to US$2.2m
TSXV: NBM: NEO Battery Receives US$2.5M Purchase Order of Customized Battery Solutions for Autonomous, Industrial Robotics
LSE: BRES: Camp Lode Deposit Delivers High-Grade, Near-Surface Graphite
ASX: EV1: Commitment to Accelerated First Production at Chilalo
ASX: EVG: International support for new government in Madagascar
ASX: LML: New Leadership Team to Drive Next Phase of Growth
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TOP 5 GAINERS OF THE WEEK
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| Evion: |
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73% |
| Volt Carbon Technologies: |
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50% |
| EcoGraf: |
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30% |
| POSCO Future M: |
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25% |
| Greenroc Strategic Materials: |
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16% |
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TOP 5 DECLINERS OF THE WEEK
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| Black Rock Mining: |
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-27% |
| Global Li-Ion Graphite: |
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-25% |
| Westwater Resources: |
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-20% |
| Graphite One: |
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-19% |
| Applied Graphite Technologies: |
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-17% |
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| Highlights from IMARC 2025 |
Three days at the International Mining and Resources Conference highlighted optimism in the graphite sector, with renewed focus on U.S.–Australia collaboration, funding, and new project momentum driving investor interest. |
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U.S. and Australia sign critical minerals agreement with $8.5 billion project pipeline
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President Donald Trump and Australian Prime Minister Anthony Albanese have signed a new critical minerals and rare earths framework, which includes plans for projects worth up to $8.5 billion.
Over the next six months, the two countries are expected to deploy more than $3 billion toward projects that are ready to begin immediately.
As part of this, the U.S. Export-Import Bank is also expected to issue seven letters of interest totalling around $2.2 billion, potentially unlocking up to $5 billion in overall investment.
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| Graphinex Receives US$860 Million Letter of Interest from U.S. EXIM Bank supported by Export Finance Australia
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A landmark moment for Graphinex, who have received a US$860 million Letter of Interest from the Export-Import Bank of the United States, supported by Export Finance Australia, following the announcement of the U.S.-Australia Critical Minerals Framework by President Donald Trump and Prime Minister Anthony Albanese.
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| Image: Graphinex Chairman Tom Northcott (left) and EXIM Chairman John Jovanovic (right). |
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How hidden treasure connects the world
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Another milestone for graphite development in Africa.
The Mahenge Graphite Project, led by Black Rock Mining, held its official groundbreaking ceremony last week. Representatives from POSCO International Corp attended the event, underscoring the partnership between the two companies and the strengthening Africa-Asia graphite connection.
The ceremony comes as POSCO Future M announced a ₩671B (≈US$468M) anode contract with a global automaker, reinforcing Korea’s drive to secure non-China graphite supply.
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GENERAL EV MARKET NEWS
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| Tesla profits slide despite record revenue
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Tesla posted record quarterly revenue of US$28 billion, up 12% year-on-year, as U.S. buyers rushed to take advantage of expiring federal tax credits on electric vehicles.
However, profits fell 37%, pressured by more than US$400 million in tariff-related costs and higher spending on AI and robotics development, according to CFO Vaibhav Taneja.
The results underline Tesla’s transition from a carmaker to a broader tech player, even as competition from Chinese rivals intensifies and investors question whether recent sales momentum can be sustained.
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| Read Here |
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| Lithium miner PLS says power storage offsetting US EV gloom
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PLS says battery storage demand is offsetting slower U.S. EV growth, as the energy storage sector continues to expand, according to CEO Dale Henderson. While U.S. EV demand has softened following the removal of tax credits and emissions standards, global lithium consumption remains strong, driven by a forecast 23% jump in energy storage additions in 2025, BloombergNEF said. Despite lithium prices falling nearly 90% from 2022 peaks, Henderson expects greater market stability ahead, supported by emerging spot trading mechanisms and longer-term offtake agreements. |
| Read Here |
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