Syrah lifts Balama graphite output as policy tailwinds build for US anode material push

An announcement from Syrah Resources ( (AU:SYR) ) is now available.

Syrah Resources reported a stronger December 2025 quarter, with natural graphite production at its Balama operation rising 34% quarter-on-quarter to 34kt and sales to third-party customers up 21% to 29kt at an average realised price of US$577 per tonne. The company maintained a low injury frequency rate, continued stable campaign-mode operations at Balama with improving recoveries, and is targeting at least 30kt of production in the March 2026 quarter while working to reduce unit costs as utilisation increases. Syrah’s Vidalia AAM facility in the US is currently producing for testing to support customer qualification, positioning the company to benefit from a pivotal policy and market environment that includes prospective high US duties on Chinese AAM imports, tighter Chinese export controls on graphite and battery materials, rising global EV sales, and growing AAM demand in the US that requires ex-China natural graphite supply.

The most recent analyst rating on (AU:SYR) stock is a Buy with a A$0.34 price target. To see the full list of analyst forecasts on Syrah Resources stock, see the AU:SYR Stock Forecast page.

More about Syrah Resources

Syrah Resources Limited is an ASX-listed producer of natural graphite, primarily operating the Balama Graphite Operation in Mozambique and developing its Vidalia active anode material (AAM) facility in the United States. The company targets ex-China supply chains for battery materials, particularly serving the growing electric vehicle and lithium-ion battery industries amid tightening Chinese export controls and emerging US trade protections on Chinese AAM imports.

Average Trading Volume: 5,215,588

Technical Sentiment Signal: Sell

Current Market Cap: A$386.9M

Learn more about SYR stock on TipRanks’ Stock Analysis page.