NEW YORK, NY--(Marketwire - Dec 13, 2012) - A 2012 Pinnacle Digest article on the rise of graphite highlights, "there are very strong fundamentals working in its (graphite) favor," noting that Jack Lifton, regarded as the authority in the rare earth space, stated in an interview with The Critical Metals Report that "Governmental bodies have shown increasing concern about graphite's importance. The U.S. Department of Homeland Security's Critical Foreign Dependencies Initiative lists Chinese graphite mines as essential sites that would damage American interests if attacked."
Lifton goes on to state "Graphite has traditionally been considered a boring, mundane industrial mineral, evoking thoughts of pencils, golf clubs and tennis racquets. Investors should think again. Traditional demand for graphite in the steel and automotive industries is growing 5% annually, and graphite prices have tripled. New applications such as heat sinks in computers, lithium-ion batteries, fuel cells, and nuclear and solar power are all big users of graphite. These consumers are beginning to place substantial demands on existing production-and over 70% of that production is from China, which is no longer selling this resource cheaply to the rest of the world as the country's easy-to-mine, near-surface deposits are becoming exhausted."
USA Graphite, Inc. (OTCQB: USGT) has recently announced its acquisition of the Gordon Creek Graphite Property. The property consists of 10 lode claims in Nevada covering over 200 acres. USA Graphite is a exploration company focused on the acquisition, exploration and development of world-class graphite properties in North America. USA Graphite intends to become a domestic (US) graphite supplier.
Other active mining stocks are Newmont Mining (NYSE: NEM), Harmony Gold Mining (NYSE: HMY) and Silver Standard Resources (NASDAQ: SSRI)
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