Syrah Resources Ord Shs SYAAF

Syrah Resources Limited is an Australia-based industrial minerals and technology company with its flagship Balama Graphite Operation in Mozambique and a downstream Active Anode Material Facility in the United States. The principal activities of the Company include sales of natural graphite and ongoing development of logistics, sales, and marketing arrangements with targeted customers. Its segments include Balama and Vidalia. The Balama segment is engaged in the production, distribution and sale of natural flake graphite from the Balama Graphite Operation in Mozambique. The Vidalia segment is engaged in the operation and expansion of the Vidalia AAM facility including operation of a qualification facility, the construction of the Vidalia Initial Expansion project, evaluation of the Vidalia Further Expansion project, customer engagement and commercial negotiations, and research and development. Its subsidiaries include Twigg Exploration and Mining Limitada, Syrah Plus LLC and others.

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Syrah Resources Ord Shs

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Post by MaterialsManon Jul 03, 2023 10:58am

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Just when I thought that SYRAH would be showing black ink, it turns out China may have a stash of graphite on hand.
That's the only reason I can figure for SYR curtailing production until the price recovers.
Not that graphite concentrate to China was going to create black ink (it will take Vidalia to do that),
but it would have provided cash flow.
Interesting factoid. At least I saw this in print: Every ounce of graphite imported to the U.S. in '22 came from China. What's with that?

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