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An update from Syrah Resources ( (AU:SYR) ) is now available.
Syrah Resources has resumed production at its Balama graphite operation in Mozambique after nearly a year of inactivity, achieving high product quality and stable operations. The company has resolved resettlement issues with local farmers, allowing for the continuation of operations and preparation for high-volume shipments. Additionally, Syrah is progressing with its Vidalia AAM expansion in the US, awaiting commercial sales to optimize costs. The company is also navigating new US import tariffs on Chinese graphite and AAM imports, which may enhance domestic sales opportunities.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.30 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 operates in the mining industry, focusing on the production and sale of natural graphite. The company is heavily involved in the electric vehicle market, supplying materials essential for battery production. Its operations are primarily based in Mozambique and the United States, with a significant emphasis on expanding its Vidalia Active Anode Material (AAM) production capacity.
Average Trading Volume: 5,118,556
Technical Sentiment Signal: Hold
Current Market Cap: A$390.8M
For a thorough assessment of SYR stock, go to TipRanks’ Stock Analysis page.