Graphite miner Syrah Resources [ASX:SYR] announced that the US government has conditionally committed to lend it up to US$107 million to develop an active anode material (AAM) facility in Louisiana.
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Syrah Resources [ASX:LPI] has completed a $192 million capital raise to expand their Vidalia project. Syrah aims to become the first major integrated producer of natural graphite anode material that is battery ready outside of China.
As EVs continue to roll out, we are already seeing a lot of car and battery makers scrambling to secure their supply not only of lithium but also graphite.
We examine the latest quarterly results from Syrah Resources [ASX:SYR] and Lake Resources [ASX:LKE]. LKE and SYR shares are in focus today as the two lithium stocks released their December quarter results.
Of course, cycles are everywhere in life, and another area where we see cycles is commodities. The way commodity cycles go, there’s first usually an increase in demand where supply can’t keep up.
Syrah Resources [ASX:SYR] share price spiked on Thursday after striking a graphite supply deal with EV giant Tesla Inc [NASDAQ:TSLA].
The SYR share price is currently exchanging hands at $1.23 per share, down 2.8%. 12kt of natural graphite sales from Syrah Resources Ltd’s [ASX:SYR] flagship Balama Graphite Operation in Mozambique planned to ship this month has been delayed to October 2021.
The Volt Resources [ASX:VRC] has joined the European Raw Materials Alliance (ERMA), sending the VRC share price higher. At the time of writing, VRC share price was up 6%.
Syrah Resources Ltd [ASX:SYR] recorded strong operational performance with 29,000 tonnes of natural graphite. SYR share price is up 14% this month...