Ann: Syrah signs MoU for solar and battery project at Balama, page-21

You cannot blame them for the graphite prices and supply chains being controlled by China. All we can hope for is that EV demand is exponential and this exposes the folly of relying on one single supplier to provide graphite globally. To me the short term hit is worth it if we go into a supply crunch for graphite and other battery metals. If I was management I would wait for the end of 2021 before even restarting, and wait for the electric vehicle companies to make deals with SYR. As for your everyone else is doing better, no one else besides the Chinese are in the graphite flake market at the moment, and the Lithium boys (all of them) are still making grotesque losses.