wow this is new from the SMH article. Verner (below) talking about additional expansion plans for both. Not ramping up Balama but expanding it. The ramping up is a gimmee. IMF was right
Aside from Tesla, Mr Verner said Syrah had experienced a surge in interest across the past 12 months from battery makers and other auto manufacturers seeking to lock in reliable long-term supplies of graphite, meaning additional expansion plans for both the Louisiana facility and Mozambique mine may be on the horizon “sooner rather than later”.
For any newbies, “If you look at the natural graphite market upstream today, the total global market is 1 million tonnes per annum ... but by 2030, it will be somewhere between 3 and 4 million tonnes,” Syrah chief executive Shaun Verner told The Age and the Herald. What he means is demand for graphite fines which Balama mainly produces (80-85%) will increase from 200kt in 2020 to 3mt by 2030. Fines have already doubled in 2021 to 400kt/yr
SYR Price at posting:
$1.80 Sentiment: Buy Disclosure: Held
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