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Syrah ResourcesAnother Australian company to benefit from Mr Biden’s planned electric vehicle revolution is the Melbourne-based Syrah Resources.
In October, the Biden administration handed it a $US219m ($A321.7m) grant to quadruple the size of its US operation to make graphite-based active anode material needed for lithium-ion batteries.
The US is currently completely reliant on China for the material, and Syrah’s facility will be the first of its kind in the US once it starts production in the second half of next year.
Syrah managing director Shaun Verner said the White House grant highlighted “the strategic importance of our integrated operations, and our active anode material facility”.
Media Reports, page-580
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