Exactly. Short term however doesn't look great. With the fall in the pet coke prices (37%), it looks to me the Chinese are using more synthetic in their batteries affecting the demand for natural. SYR can't catch a break.
Once all the battery gigafactories in the US and Europe get built, the demand for natural will quickly turn around and SYR won't be exposed as much to the whimsical Chinese market.
News: SYR Australia's Syrah estimates $539 mln in costs for Louisiana plant expansion, page-7
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Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $227.6M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.3¢ | 21.5¢ | $638.1K | 2.853M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 64122 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 11500 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| SYR (ASX) Chart |