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