trending Market Intelligence /marketintelligence/en/news-insights/trending/SmjLhpLJ7nonOPg93vktdA2 content esgSubNav
In This List

Syrah produces first spherical graphite at BAM facility in Louisiana

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023


Syrah produces first spherical graphite at BAM facility in Louisiana

Syrah Resources Ltd. achieved first production of unpurified spherical graphite at its Battery Anode Material facility in Louisiana, using natural graphite from the Balama project in Mozambique.

The company said Dec. 31 it installed 5,000-tonnes-per-annum of milling equipment and is adding purification equipment for batch processing of purified spherical graphite in the first quarter of 2019. Company shares closed up 4.15% on the ASX the day of the announcement.

Previously in December, Syrah signed a binding agreement with Shandong, China-based Qingdao Langruite Graphite Co. Ltd. to sell at least 48,000 tonnes of natural graphite from the Balama project in 2019.