The price for 95% C (purity), 15 microns Spherical Graphite is $2,700-2,800 USD/tonne, far above the price of other forms of graphite as indicated by the Industrial Minerals.
Battery market remains very tight, spherical graphite is still going for 2700 USD a tonne. Syrah need to get BAM up and running so that they use their graphite for high value products. I don't think lack of EV demand is the problem, it's lack of battery manufacturing.
Industrial Minerals indicates China imported 21,486 tonnes of flake graphite in June 2019, 14,864 tonnes came from Mozambique, accounting for 70% of total Chinese imports. The principal source of graphite flake in Mozambique is Syrah Resources, which primarily produces 94% C, -100 mesh material. Increased exports from Mozambique has weighed on the market since Syrah began commercial production at the start of this year. June's import volumes into China were the highest since at least January 2017.
Ann: Diggers & Dealers - MD Presentation, page-65
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