Article on state of graphite markets

https://www.fastmarkets.com/insights/syrah-resources-graphite-deals-in-line-with-supply-diversification

Unfortunately prices could get lower

Syrah quarterly update came out which makes for hard reading

Inventory build caused by China synthetic, cost cutting and rising input costs

And yet US lists graphite as critical. Someone not understanding China controls the market and China probably doing whatever it takes to crush other suppliers.

News has impacted other graphite plays on the asx.

Both SYR and NVX have been major recipients of DOE grants overnight.

For SYR , a $220M USD grant , and I expect commercial news from a tier 1 auto company to help facilitate the matching $220M USD. Allows SYR to progress stage 3 processing plant in the USA to produce 45,000tpa AAM., up from 11,250tpa.

A gamechanger.

Details of all grants can be read here :

https://www.energy.gov/sites/default/files/2022-10/DOE%20BIL%20Battery%20FOA-2678%20Selectee%20Fact%20Sheets%20-%201_2.pdf