Not a chance. Balama is the biggest graphite mine in the world and can produce 350ktpa for 50yrs . It will be supplying the Chinese AAM producers for years. Mining output in China is beginning to decline because of environmental concerns and mine exhaustion.
What the DOE loan does is help get Vidalia to 45kt in 3 years with the support of the US govt who are desperate for it to happen. A 45kt plant requires about 75-80kt of graphite flake feed at 94-96% concentrate. SYR are currently producing at 96%. SYR have plans after 2025 to expand Vidalia possibly to 100kt. At this stage the 100kt output will be a combination of SPG and AAM.
It's predicted natural graphite flake will be in ever increasing deficit until 2040. SYR currently mine from 1 of its 2 deposits. The IMF have hinted it might have to expand its mining operation at Balama.
Ann: Syrah offered Conditional Commitment for US DOE loan, page-22
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SYR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
32.5¢ |
Change
0.010(3.17%) |
Mkt cap ! $336.3M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.5¢ | 31.5¢ | $1.380M | 4.243M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 126793 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 209602 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SYR (ASX) Chart |