LOMIKO METALS INC. (TSXV:LMR,) (OTC: LMRMF) (FSE: DH8B) (ISIN: CA54163Q1028) (WKN: A0Q9W7) will exhibit at the Prospectors and Developers Association of Canada International Convention Trade Show and Investors Exchange March 4-7, 2018 at the Metro Toronto Convention Centre at Booth #3209. Lomiko Management look forward to meeting shareholders, potential investors and international delegations during their first attendance to the Convention.
Investment Pitch Media recently recorded a news update on Lomiko at the PDAC.
Graphite Market Developments
Roskill Information Services recently reported that Indian manufacturers of graphite electrodes used in electric arc furnaces are flourishing this year, but 500% price increases for their products have raised government and steel industry concerns.
Roskill view: India’s two synthetic graphite electrode manufacturers account for about 25% of world production of synthetic graphite electrodes and this intervention could cut margins and pile even more pressure on prices for India’s international customers such as ArcelorMittal and South Korea’s POSCO.
Graphite electrodes are used to melt scrap in electric arc furnaces to produce new steel. Their main ingredient is high-value petroleum needle coke.
China’s 13th Five-Year Plan (2016–2020) sets clear objectives for a more environmentally-friendly China. President Xi Jinping is focussed on pollution control as well as economic growth for his second term, with implications for the global supply chain in graphite electrodes as well as many other industrial raw materials. Approximately 30% of China’s graphite electrode production has been shut, leading to an explosion in global prices and benefiting manufacturers in other countries, including India.
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