A sneak peek at these ASX-listed graphite shares

Highlights: 

• Graphite is a widely used commodity for the development of batteries, steel, lubricants, etc.
• The graphite mining industry is currently in focus amid rise in electric vehicle battery production.

Graphite is a solid, crystalline form of carbon that occurs naturally in the environment. This rock is an essential part of our daily lives as it can be used in multiple ways. Graphite is mostly used for industrial purposes for developing batteries, steel, brake lining, lubricants, etc. On a daily basis, graphite’s application can be seen in pencils as well. Of late, graphite is widely being used for developing batteries for the electric vehicle (EV) industry. 

As most of the countries in the world aim to bring down global warming and greenhouse gas emissions, they tend to prefer using EVs more than fuel-powered cars. As a result, the battery industry has seen an uptick of late. 

Here in this article, we have mainly featured four ASX-listed graphite companies and their respective performance on ASX today. These companies are- Novonix Limited (ASX:NVX), Syrah Resources Limited (ASX:SYR), Magnis Energy Technologies Ltd (ASX:MNS), and Quantum Graphite Limited (ASX:QGL).

Novonix Limited (ASX:NVX) 

Shares of battery material business Novonix Limited (ASX:NVX) opened Friday’s trading session in the red territory. Its share price declined by 1.742% on ASX to AU$2.820 per share at 10:54 AM AEDT today.  

The share price of Novonix has gone up by almost 58% on ASX in the last one month. On the contrary, the company’s share price fell over 58% in a year and over 73% on a YTD basis on ASX (as of 10:54 PM AEDT). 

Novonix Limited is an Australia-based battery material and technology company with a market capitalisation of AU$1.39 billion at present.

Apart from Australia, Novonix also operates its business mainly in the USA and Canada and sales in 14 other countries across the globe. Novonix’ headquarter is situated in Brisbane, Australia. 

Novonix also holds a major interest in the US-based PURE graphite joint venture. 

Syrah Resources Limited (ASX:SYR) 

Image source: © Timonschneider | Megapixl.com

Australian graphite explorer Syrah Resources Limited (ASX:SYR) began Friday’s trading session on a negative note on ASX. The company’s share price dropped by 1.271% on ASX to AU$2.330 per share at 11:00 AM AEDT today. 

In the previous one month, Syrah’s share price has gained significantly over 53% on ASX. Moreover, the share price of the company gained 106.19% in a year and by almost 21% on a YTD basis on ASX (as of 11 AM AEDT today). 

Syrah Resources Limited is an Australian industrial minerals and technology company. The company is committed to meeting the demands of the rapidly growing anode materials market by supplying graphite. 

Balama Graphite Project in Mozambique is one of the significant projects owned and operated by Syrah. 

Syrah was founded with the aim of becoming the largest supplier of high-quality graphite and active anode material products in the world.

At present, Syrah holds a market capitalisation of AU$1.58 billion. Syrah’s headquarters are in Melbourne, Australia. 

Magnis Energy Technologies Ltd (ASX:MNS) 

Shares of graphite and battery material developing company Magnis Energy Technologies Ltd (ASX:MNS) were spotted trading in the red zone on Friday morning. Its share price came down by 2.597% on ASX to AU$0.375 per share at 11:12 AM AEDT today. 

In the last one month, Magnis’ share price gained marginally by 1.35% on ASX. However, the company’s share price fell by 10.71% in a year and 34.21% on a YTD basis on ASX (as of 11:12 AM AEDT today). 

With a market capitalisation of AU$373.53 million, Magnis Energy Technologies Ltd is an ASX-listed vertically integrated lithium-ion battery technology and battery materials company.

Magnis is currently run by a management which has Frank Poullas as the Executive Chairman, Mona Dajani as the Independent Non-executive Director, Hoshi Daruwalla as the Non-executive Director, and others. 

Magnis’ headquarters are in Sydney, Australia. 

Image source: © Bwylezich | Megapixl.com

Quantum Graphite Limited (ASX:QGL) 

Shares of Australian graphite producer Quantum Graphite Limited (ASX:QGL) opened trading in the green territory on Friday morning. The company’s share price stood at AU$0.440 per share on ASX, after marking a gain of 2.325% at 10:24 AM AEDT today. 

The share price of Quantum has appreciated by 175% on ASX in the last one year. Furthermore, in the last one month, the company’s share price went up approximately by 16% on ASX (as of 10:24 AM AEDT today). 

Quantum Graphite Limited claims to be one of the proven flake graphite product developers in Australia.

Meanwhile, the ASX 200 Materials sector (INDEXASX:XMJ) was quoted at 15333.2 points, down by 3.27% on ASX at 12:11 PM AEDT today.