Resumen de Triton secures $2bn offtake with Yichang Xincheng Graphite
Yue Bin, Yichang Xincheng's chairman, said that Triton's graphite "performed well beyond our highest expectations" in laboratory tests. "We feel that [Triton Minerals] is ideally suited to support and build our range of expandable graphite products," Yue added.
"I think the floor price is certainly favourable, but realistic," [Duncan Hughes] told IM. "I believe there is likely more demand for graphite, especially expandable graphite, out of China than is generally appreciated." The deal locks Triton into an initial two-year exclusive agreement with AMG's subsidiary, GK Ancuabe Graphite Mine SA, to create what [Brad Boyle] described as a "joint task force" to examine the potential to restart graphite mining in Ancuabe.
