Tesla is a commercial enterprise, not a philanthropist. Of course, they'll delay this as long as possible to continue sourcing cheaper anode material from China. Syrah is dependent on politics. Massive government interventions that artificially make the Western battery chain competitive with significantly cheaper products from China. Since batteries and the associated value chain have a significant impact on prosperity and national security, a company like Syrah cannot be allowed to fail.
I believe tariffs will come (not just on graphite). But when they do, there must be sufficient Western infrastructure (battery factories, suppliers, etc.), otherwise consumers will be brought to their knees by exploding prices.
The key question is whether Syrah can last that long, and especially how. Based on the quarterly figures, I assume we'll be facing another capital increase.
SYR Price at posting:
28.5¢ Sentiment: Hold Disclosure: Held
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