Business
Why is the Talga (ASX:TLG) share price dipping today?
The Talga Group Ltd (ASX: TLG) share price is slipping this morning after news of the company’s electric vehicle anode (EVA) qualification plant. The up-and-coming plant will be located in Northern Sweden, supplying European battery and electric vehicle manufacturers with ultra-low emission graphite anodes.
Talga also owns three graphite mines and one cobalt mine in Sweden, and a processing facility in Germany. Its headquarters are in Perth. It states that its vertical integration provides it with a shorter, more secure supply chain and a local market.
The Talga share price is down 1%, trading at $1.43 at the time of writing.
Let’s take a closer look at the news announced by Talga this morning.
EVA purchase plans
Today, Talga…
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