https://www.engineeringnews.co.za
Manufacturing|Resources|Manufacturing
Manufacturing|Resources|Manufacturing
manufacturing|resources|manufacturing-industry-term

Syrah finds AAM partners in the US

3rd August 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Graphite miner Syrah Resources has signed two multi-year binding offtake agreements with US-based active anode material (AAM) processing facilities.

The company on Thursday said that it had inked an agreement with NYSE-listed Graphex Group, which intends to expand its anode production capacity from 10 000 t/y to 55 000 t/y from facilities in China and North America over the next three years.

The multinational company is constructing an AAM processing facility in Michigan, with an initial production capacity of 15 000 t/y, which is planned to be operational by 2024.

An offtake agreement has also been reached with NYSE-listed Westwater Resources, which is constructing an AAM processing facility in Alabama, which is also targeted for a 2024 start. This processing facility could potentially be expanded to a capacity of over 40 000 t/y later this decade, Syrah said.

The company told shareholders on Thursday that the offtake agreements supported the company’s graphite sales diversification strategy, which is aimed at supplying some 100 000 t/y of Balama fines to third-party AAM customers ex-China from 2026.

“Syrah’s marketing and sales strategy will balance integrated consumption through Vidalia, an increasing proportion of sales volume ex-China from 2024 onward, and sales volumes to China,” the company said in a statement.

The company is currently negotiating other commercial arrangements for further ex-China supply with potential anode processing, battery manufacturing and auto OEM customers.

Edited by Creamer Media Reporter

Comments

 

Showroom

M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 May 2024
Magazine round up | 17 May 2024
17th May 2024
Photo of Martin Creamer
On-The-Air (10/05/2024)
10th May 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.402 0.457s - 160pq - 2rq
Subscribe Now