Evion Group (ASX:EVG) has secured its first Southeast Asian order for expandable graphite at premium pricing through its Indian joint venture operation.
The company’s Panthera Graphite Technologies (PGT) joint venture will ship a 20-tonne consignment of expandable graphite to Ho Chi Minh City, Vietnam, at US$3,650 ($5,255) per tonne.
The price represents a 7% premium to the top of the US$3,100–3,400 per tonne range PGT achieved in the 2026 financial year.
The order value totals approximately $104,000 and marks PGT’s first shipment into Southeast Asia. The joint venture’s customers to date have been mainly in the US and Europe.
PGT manufactures expandable graphite at its facility near Pune, India, providing Western customers with supply from outside China.
China produced an estimated 82% of the world’s natural graphite in 2025. It has required export licences for natural flake graphite products since December 2023.
The Vietnam order is priced at more than double the US$1,700-per-tonne average PGT achieved on re-sold concentrate sales. The order comprised approximately 270 tonnes of its 720-tonne sales in the 2026 financial year.
Managing Director David Round says the order ‘opens a new export region’ as the company lifts production toward its 2,500-tonne Stage 1 target.
“This is PGT’s first container into Southeast Asia, and it’s priced above the top of what we achieved last financial year, in a region where we had no track record,” Round remarks.
“China produces most of the world’s graphite and licenses its exports. A plant in India making expandable graphite for customers in the [US] and Europe matters for that reason, and PGT is already operating, shipping, and profitable at EBITDA level.”
The company says negotiations continue with the Vietnamese buyer and other new Asian buyers for substantial ongoing supplies. Round notes the company is also negotiating potential supply agreements with Japan.
PGT operates as a 50:50 joint venture with Metachem Manufacturing and made its first shipment in March 2025. The company expects the new supply channels to support completion of its stage two expansion, with sales likely to achieve expanded targets during 2027.
Evion Group also holds the Maniry Graphite Project in Madagascar and an option over the Carp Fluorspar Project in Nevada, US.
Write to JC Villarba at Mining.com.au
Images: Evion Group
