Because flake graphite needs to be processed into AAM. SYR is the only AAM producer in the US so there is nobody to sell fines to. If the Chinese pull the pin, it might force Tesla to take delivery but they can't make many EV's from it. The Chinese have the ability to decimate the US EV industry if they do pull the pin on AAM graphite exports.
There are small graphite plants for industrial processed graphite in the US that make rolls of graphite to insulate furnaces, brake pads etc but no one else can make spherical. From memory there might be 1 small synthetic plant. Anovion is building a 60kt synthetic plant and NVX has a pilot plant but not the money to expand to 20kt. They hope to have a 3kt plant in early 2025 built but it won't be operational until late 2025
In the US, the AAM carboard is bare
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
38.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $396.0M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2669 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 8333 | 2 |
View Market Depth
| Last trade - 07.10am 31/07/2025 (20 minute delay) ? |
| SYR (ASX) Chart |
Day chart unavailable