Blencowe Resources Plc (LSE:BRES) said newly announced U.S. anti-dumping and countervailing duties of roughly 160% on Chinese graphite active anode material imports could materially reshape global supply dynamics if formally approved in March and maintained for at least five years.
According to the company, such measures would significantly increase the cost of Chinese-origin material entering the U.S., accelerating efforts to diversify graphite supply chains away from China. In tandem with broader Western initiatives to establish domestic and allied processing capacity, Blencowe believes the policy shift enhances the long-term strategic value of its Orom-Cross graphite project in Uganda.
The group is continuing drilling activity at the Iyan and Beehive deposits within Orom-Cross, while advancing parallel funding discussions and potential offtake agreements. Management’s objective is to position the asset as a reliable, large-scale supplier of high-quality graphite feedstock into multiple premium end markets, including battery and advanced industrial applications.
Further assay results and updated resource estimates are expected in due course, supporting development planning as global supply chains adjust to evolving trade policies. The company maintains that Orom-Cross is designed as a long-life, scalable operation capable of serving non-China supply requirements.
From an investment perspective, the outlook remains constrained by weak financial fundamentals, including the absence of revenue, ongoing losses and increasing cash burn in 2025. However, technical indicators provide some counterbalance, with the share price trading above key moving averages and momentum signals such as MACD positive and RSI near mid-range levels. Valuation metrics remain difficult to interpret due to negative earnings and the lack of a dividend.
More about Blencowe Resources Plc
Blencowe Resources Plc is a London-listed natural resources company focused on developing the Orom-Cross graphite project in Uganda. The project is intended to become a large-scale, long-life source of premium graphite feedstock, targeting battery manufacturers and advanced industrial customers seeking diversified supply beyond China.
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