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Update: GrafTech International Shares Rise After Increasing Graphite Electrode Prices

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(Updates with the latest stock price movement in the headline and first paragraph.)

GrafTech International (EAF) shares were up more than 18% in Tuesday trading after the company said it has raised graphite electrode prices by at least 30%, effective immediately for all open commercial negotiations.

The company said the price increase to "sustainable" levels is necessary to support ongoing investment in production capabilities and ensure reliable long-term supply for customers.

Price: $7.32, Change: $+1.12, Percent Change: +18.06%

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