VANCOUVER — Two years ago Flinders Resources (TSXV: FDR; US-OTC: FLNXF) was flying high as the “only western producer of natural flake graphite” at its historic Woxna mine eight km northwest of the town of Edsbyn, Sweden. The company held its official opening ceremony in September 2014, and the 100,000-tonnes-per-year operation is capable of cranking out nearly 10,000 tonnes of 90% carbon graphite concentrate annually.
Plunging industrial metal markets cut the celebration short, however, with declining global flake graphite demand pushing prices to four-year lows of less than US$700 per tonne by mid-2015.
Flinders subsequently opted to put Woxna’s return to production on hold, but a recent resurgence in green energy investments – along with a strategic merger – has management optimistic about the future.
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