The company didn’t immediately reply to an email seeking clarification. Shares in Northern Graphite jumped by a quarter on Tuesday afternoon in Toronto to C$0.18 apiece, valuing the company at C$22.3 million ($15.5m).
Northern Graphite said it’s “negotiated significant price increases with customers for its graphite for 2025 to reflect rising costs of production and inflation.” It didn’t give figures, as they’re sensitive information.
Price increases
Producers were selling battery grade graphite for $5,329 per tonne last May but prices could increase to between $8,707 and $10,874 this year, according to S&P Global Market Intelligence. The graphite market is conducted in one-to-one deals rather than in an open process like gold.
“We are starting the year with a strong order book, reflecting continued robust demand as well as recent geopolitical events and supply chain concerns,” CEO Hugues…
