CAPITAL MARKETS

Syrah expands sales, marketing push

Graphite miner extends into China, India and Germany

Haydn Black

This article is 7 years old. Images might not display.

Its new customers will see graphite dispatched to China, Germany and India.

The first spot shipment to specialty expandable graphite products producer Yichang Xincheng Graphite is imminent and according to Syrah should lead to a long-term contract after the first cargo is delivered.

The expandable graphite market is a key market for large and jumbo flake sizes, and is said to be a market with high growth potential.

The company expects to enter into further sales agreements in China, and in order to preserve its flexibility in the battery and expandable graphite sectors some elements of a 2015 offtake agreement with China Aluminum International Engineering Corporation will not be activated.

Chalieco originally signed an 80,000 tonne per annum deal to exclusively distribute graphite from Balama throughout China and Hong Kong.

By not triggering some aspects of the deal Syrah said it would have a greater level of flexibility to develop sales into the Chinese industrial market.

The sales to German speciality carbon and sulphur products producer CS Additive will see at least 6000t shipped to Europe for industrial purposes this year.

An agency agreement with Magus Marketing for distribution to the Indian subcontinent has also been executed and orders have already been received and scheduled for shipment.

Syrah chief commercial officer Rob Schaefer said the further diversification across geography and end use markets was in line with its sales and marketing strategy now the focus at Balama was on optimisation and ramp-up.

Syrah is aiming to become the world’s largest graphite supplier this year, and is forecasting production of 160,000-180,000t, rising up to 300,000t in 2019.

Balama flake production began in November, and the first sale of fines graphite to battery anode customers is expected in the coming weeks.

Syrah shares were up 3.6% to A$4.87 in early trade, valuing the company at $1.45 billion.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

MiningNews.net Research Report 2025

The MNN Research Report 2025 provides insights into critical mining themes in Australia/Oceania, including top projects, C-suite priorities, risk, ESG performance and investor sentiment.

editions

Mining Journal Intelligence: Investor Sentiment Report 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.

editions

Mining Journal Intelligence World Risk Report 2024 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 117 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.