Tirupati Graphite Plc (GB:TGR) has released an update.
Tirupati Graphite Plc, a flake graphite producer key to the global energy transition, aims to cater to 8% of the forecasted global demand by expanding production to 400,000 tons per annum. With projects in Madagascar and Mozambique, the company is independent of Chinese technologies and is planning strategic funding discussions to reach its production targets, amid a backdrop of growing global consumption and potential supply deficits. The expansion strategy is subject to ongoing and future financing, market demands, and entails a total estimated investment of £363 million.
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