The equipment maker is currently spending most of its R&D budget in its digital area, which aims to help miners reduce the amount of machinery needed at operations.
Prices for the steel-making ingredient are down by 9.8% over a month ago and most of the massive projects expected to come on stream this year are not producing at full steam yet.
New report forecasts very tight market conditions as stocks drop to below 5% of consumption by the end of the decade compared to more than 11% this year.
The finding has Archer Exploration Limited’s 2873 sq km Eyre Peninsula Graphite Project on track to become one of Australia’s first new-era graphite mines.