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Syrah Resources ( (AU:SYR) ) has issued an announcement.
Syrah Resources faced operational challenges in the first quarter of 2025, with no production at its Balama site due to ongoing protest actions. Despite these setbacks, the company made progress in its Vidalia operations, securing a multi-year agreement with Lucid for anode material supply and receiving a significant tax credit for expansion. The company is navigating geopolitical and market dynamics, including new US tariffs on Chinese imports and evolving customer procurement strategies, which could impact its market positioning.
More about Syrah Resources
Syrah Resources Limited operates in the mining industry, focusing on the production and supply of natural graphite. The company is primarily involved in the extraction and processing of graphite from its Balama operation in Mozambique and is expanding its production capabilities in Vidalia, USA, to supply the growing demand for anode material in electric vehicle batteries.
YTD Price Performance: 3.57%
Average Trading Volume: 66,118
Technical Sentiment Signal: Strong Buy
Current Market Cap: $169.6M
For an in-depth examination of SYR stock, go to TipRanks’ Stock Analysis page.