It all depends on what they do with AAM tariffs mate and don't flip flop. If they do put on 900% tariffs OEM's will be knocking on SYR's door and hopefully they sign enough off-takes to get the 45kt expansion off the ground. So there could be a flurry of announcements in the next couple of months.
I was disappointed in POSCO's progress in building their natural AAM plant. They have barely started if at all. Every ex-china graphite company has been hurting. There has barely been any progress on mine or AAM start-ups in the last 2 years. Everything has virtually been put on hold.
A lot will also depend on EV sales growth. China is producing 100kt of AAM per month. Too bad 90% is synthetic which has been the real killer for Balama.
SYR Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held
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