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Callinex Mines Drills 44.2 Meters of 4 Percent Copper Equivalent at Pine Bay

Callinex Mines Drills 44.2 Meters of 4 Percent Copper Equivalent at Pine Bay

Callinex Mines (TSXV:CNX) has completed phase 1 of a previously announced 4,000 meter drill campaign. Two of the five holes drilled intersected high-grade copper mineralization, with one hole intersecting 18.1 meters of 5.5 percent copper equivalent over a broader interval of 44.2 meters of 4 percent copper equivalent.

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Market News

Apple Looking to Break into Electric Vehicle Market

Benchmark Mineral Intelligence reported that Apple Inc. (NASDAQ:AAPL) is being sued by A123 Systems Inc. (ETR:ALC), a lithium-ion battery producer, for stealing its employees to set up a new battery division.

Syrah Agreement Sparks Supply Crunch Buzz

Syrah Resources Ltd. (ASX:SYR) saw its stock prices jump 13 percent since news broke of an agreement with Chinalco Mining Corp. (HKG:3668) Tuesday. The medium-cap company signed a 3-year contract to supply graphite to the Chinese company, which sent shock-waves through the market and fueled talks of a graphite supply crunch.

Graphite Supply and Demand Fundamentals

In an extensive post on Seeking Alpha, Ben Kramer-Miller discusses the supply and demand fundamentals of the graphite market, outlining a number of points.

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