Latest news with #SyrahResources
Bloomberg
23-07-2025
- Business
- Bloomberg
Graphite Producer Syrah Resumes Shipments From Mozambique Mine
Australian graphite miner Syrah Resources Ltd. is resuming shipments from Mozambique after halting deliveries due to post-election violence in the southeast African nation. The company, supported by the US International Development Finance Corp., said it restarted production at its Balama graphite mine last month and is now preparing shipments, according to a Wednesday statement. One cargo of the battery material is being loaded at Pemba port, and another is planned before the end of September, the firm said.
Wall Street Journal
18-07-2025
- Business
- Wall Street Journal
Battery-Material Stocks Soar After U.S. Unveils Chinese Graphite Tariffs
Global battery-material stocks jumped after the U.S. moved to impose hefty duties on graphite imported from China. The Commerce Department will impose preliminary duties of 93.5% on Chinese graphite imports, after determining the materials were unfairly subsidized. Graphite is a key component of batteries used in electric vehicles. The anti-dumping measure is likely to benefit non-Chinese companies overseas, as U.S. buyers seek alternative suppliers. South Korean battery-material stocks rallied, with Posco Future M, an affiliate of steelmaker Posco, jumping 20%. Australian suppliers also rallied, led by Syrah Resources. U.S.-traded shares of battery-tech firm Novonix, which operates a synthetic graphite facility in North America, gained 8%. 🔎 Read more:
Bloomberg
18-07-2025
- Business
- Bloomberg
Battery Material Maker Stocks Jump as US Eyes 93% China Duty
Battery material makers' stocks climbed after the US Commerce Department imposed preliminary anti-dumping duties of 93.5% on graphite imports from China. Shares of Australian graphite miner Syrah Resources Ltd. surged as much as 38%, while shares of South Korea's Posco Future M Co. climbed 24%. Gains in these and other Asian stocks tracked earlier jumps in Canadian peers including Nouveau Monde Graphite Inc.
AU Financial Review
26-05-2025
- Automotive
- AU Financial Review
Tesla extends deadline for Australian battery material deal
Elon Musk's Tesla has agreed to extend a key deadline for AustralianSuper-backed Syrah Resources, offering the ASX-listed graphite producer a reprieve to supply a key battery material to the US electric car maker. The agreement, which originally required Syrah to deliver all its test batches of battery-grade material from its Louisiana processing plant to Tesla by May 31, has been extended to February 9.
Business Insider
05-05-2025
- Business
- Business Insider
Morgan Stanley Reaffirms Their Hold Rating on Syrah Resources (SYAAF)
Morgan Stanley analyst Rahul Anand maintained a Hold rating on Syrah Resources (SYAAF – Research Report) today and set a price target of A$0.22. The company's shares closed last Friday at $0.16. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Anand covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, Iluka Resources Limited, and Evolution Mining . According to TipRanks, Anand has an average return of 5.3% and a 48.81% success rate on recommended stocks. Syrah Resources has an analyst consensus of Hold, with a price target consensus of $0.17, representing a 7.59% upside. In a report released on April 30, UBS also maintained a Hold rating on the stock with a A$0.30 price target.
