The Electric: A Big Deal in Saudi Arabia Sent This Graphite Miner’s Shares Soaring

For more than two decades, Northern Graphite has plodded along as a middling if sometimes plucky Canadian mining company. 

Then last week, Northern said its revenue would jump eightfold to $250 million in the next few years as it shifts from merely mining graphite to processing it into the final material used to make battery anodes. The news sent the company's shares up 25% last week. Northern will make the anode material in Saudi Arabia in a joint venture with the country’s Obeikan Investment Group.