Magnis Resources signs offtake with Sinosteel for 100,000 tpa graphite

By Siobhan Lismore-Scott
Published: Tuesday, 30 December 2014

The signing of the second offtake agreement underscores that the buyers believe there will be growth enough in the graphite industry to warrant 180,000 tpa graphite above what it currently uses.

Australian junior graphite miner Magnis Resources Ltd has signed a binding offtake agreement with China-based Sinosteel Liaoning for 100,000 tpa graphite at around $2,100/tonne.

The agreement is for a ten year term, with an option to extend for a further five years. While Magnis did not reveal...

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