We believe that graphite stocks will have a great 2023. There has not been a sector wide participation in graphite stocks since the graphite market top in January of 2021. The sector is deeply undervalued in our view. One of our 2023 forecasts is that graphite stocks will react to the upside.
Are Canadian graphite stocks trending down in 2024?
Against that backdrop, many Canadian graphite stocks have trended downward in 2024. However, several graphite-focused companies have seen strong performances so far this year. Below is a look at the year’s best-performing graphite stocks on the TSXV. TSX and CSE stocks were considered, but none made the cut.
Will the graphite market grow in 2023?
Putting the market's anticipated growth into perspective, Benchmark Mineral Intelligence data shows that demand for graphite from the battery sector is expected to grow by 250 percent between 2023 and 2030. Benchmark analysts see a potential supply deficit looming if graphite companies do not expand their operations.
