For many weeks I have been alerting my readers to increased acquisitions in the graphite sector as Tesla announced big plans in the near term to build a gigafactory in North America to increase production of lithium ion batteries for electric vehicles. The announcement of a Tesla Lithium Ion Gigafactory in North America has jumpstarted the junior mining graphite sector as I predicted in this article more than two weeks ago.
In the article, I stated that graphite is a large component of lithium ion batteries. The graphite miners are still undervalued and the M&A boom may be just beginning as there could be a major increase in demand for these batteries critical for cars, smartphones, tablets and laptops. The public is not yet aware about the exponential rise in demand for the lithium-ion battery sector which could more than double over the next ten years.
A few weeks ago, I highlighted an unknown junior graphite miner, who already sold amorphous graphite in Mexico but took a huge leap forward when it acquired a Graphite Mine and Mill in Mexico. It was a past producer but shut down in 2002 when the Chinese knocked down the price of graphite. Now I see across the wires that it was bought out...
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