Syrah Resources Ltd 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 Ltd

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Post by MaterialsManon Mar 25, 2024 10:16am

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Post# 35950570

Problemo

Hate to say it, but if this company didn't have bad news, it would have no news.
Year end report just came out, and the new issue involves an oversupply of synthetic graphite AAM.
Never mind that it creates 4X as much polution as natural graphite AAM, (who really cares), but I don't know if synthetic AAM material from China is on the list of banned materials listed in the Inflation Reduction Act.
It does not seem to be a very pretty picture.
Hope I get proven wrong.

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