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The latest update is out from EcoGraf ( (AU:EGR) ).
EcoGraf Limited has successfully demonstrated continuous production of high-purity spherical graphite using its EcoGraf HFfree® purification technology at its Product Qualification Facility. This achievement aligns with battery manufacturers’ specifications and supports EcoGraf’s strategy to establish multiple purification facilities globally. The company has signed non-binding agreements to bolster sales and development, while also receiving support for a new purification facility. These developments are expected to enhance EcoGraf’s market positioning and provide environmental and cost benefits to customers.
More about EcoGraf
EcoGraf Limited operates in the graphite industry, focusing on the production of high-purity spherical graphite for battery anodes. The company is known for its EcoGraf HFfree® purification technology and anticipates significant growth in European and North American markets due to increasing demand and legislative changes.
YTD Price Performance: 16.00%
Average Trading Volume: 33,777
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €25.71M
See more insights into EGR stock on TipRanks’ Stock Analysis page.
