Westwater Resources (WWR, Financial) is witnessing a surge in demand for its natural graphite anode material as new global tariffs reshape the market. The company’s Kellyton Graphite Plant stands to benefit significantly as these tariffs make imported graphite more costly.
The majority of natural graphite anode material, essential for electric vehicle batteries, has traditionally been sourced from Chinese producers. However, a hefty 170% import tariff on this material from China is creating opportunities for domestic suppliers like Westwater Resources. This tariff applies across the board, affecting imports from other countries including Indonesia, South Korea, and Japan.
As the demand for electric vehicles continues to climb, Westwater Resources is strategically positioned to capitalize on the shift, offering a domestically produced alternative that bypasses the considerable export fees faced by foreign suppliers.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Westwater Resources Inc (WWR, Financial) is $2.50 with a high estimate of $2.50 and a low estimate of $2.50. The average target implies an upside of 316.67% from the current price of $0.60. More detailed estimate data can be found on the Westwater Resources Inc (WWR) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Westwater Resources Inc's (WWR, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
