Balama sell flake graphite which needs to be processed. The Chinese do >95% of the processing and won't buy from SYR because of geopolitical reasons. That leaves POSCO and the Indonesian/BTR AAM plants. However, both are either still being built or ramping up. There are other small industrial processing plants SYR sells to and other off-takes but it isn't much.
Vidalia needs Tesla to start taking delivery, the other 3.25kt sold and urgently begin upgrading to 45kt because 11.25kt is a good start but too small.
SYR also needs the price of both flake graphite and AAM to double.
Until all that happens, the shorters and the SP aren't going anywhere.
SYR Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held
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