Australia's International Graphite jumps on Italy JV for processing hub
27/05/2026 05:23
BUZZ-Australia's International Graphite jumps on Italy JV for processing hub ** International Graphite IG6.AX surges as much as 52.4% to A$0.064, posts its biggest intraday jump on record
** IG6 and Italy's Alkeemia ink JV at Venice’s Battery Forum to develop graphite processing hub in Porto Marghera, with Alkeemia holding 51% and IG6 49%, alongside an even profit split
** Project targets an initial 10,000 metric tons per year (t/y) capacity, scaling to ~15,000 t/y within three years, with construction slated for Q3 and first output in H2 2027
** Stock down 17.7% YTD
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))
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