(Yicai Global) Jan. 5 -- Baotailong New Materials Co. [SHA:601011], a Chinese coke producer, has started making graphene at a CNY288 million (USD41.5 million) plant capable of annual output of 100 tons. The company's shares gained as much as 8.6 percent in morning trading today.
The plant, located in Qitaihe city in China's northernmost province of Heilongjiang, turned out graphene after trials completed yesterday, the Qitaihe-based company said. Construction of the facility began in August 2015. Its shares were 4.10 percent higher at CNY7.61 (USD1.10) each at 10.40 a.m. local time.
Graphene is often called the 'king of materials.' With a width of just one atom, it is the world's thinnest compound and its lightest material. Scientists across the world have discovered numerous applications for the material, but industrial scale production has remained limited.
Graphene was first isolated and characterized in 2004 by two physicists at the UK's University of Manchester, who were later awarded the Nobel Prize in Physics in 2010.