EcoGraf secures German supply deal for up to 40,000 tonnes of graphite

Australian graphite company EcoGraf has secured a long-term supply agreement with a German buyer for its Epanko graphite project in Tanzania. The deal initially targets 20,000 tonnes of natural flake graphite per year, with the potential to scale up to 40,000 tonnes annually. The contract features a ten-year term and a built-in price floor, which is expected to assist in project financing and strengthen the company's position in the battery and industrial supply chains.

Following these developments, EcoGraf's stock experienced a significant surge, rising by 47.62 percent in Australian trading. The market reaction reflects increased investor interest in the company's graphite strategy and the broader demand for battery raw materials, supported by European industrial impulses.