{"id":23307,"date":"2022-07-21T15:41:52","date_gmt":"2022-07-21T15:41:52","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/china-lockdowns-helping-mozambique-graphite-syrah-resources-says"},"modified":"2022-07-21T15:58:17","modified_gmt":"2022-07-21T15:58:17","slug":"china-lockdowns-helping-mozambique-graphite-syrah-resources-says","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/china-lockdowns-helping-mozambique-graphite-syrah-resources-says","title":{"rendered":"China lockdowns helping Mozambique graphite, Syrah Resources says"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Australia\u2019s Syrah Resources is seeing strong demand for the graphite it mines in Mozambique, thanks in part to China\u2019s COVID-19 lockdowns which are impacting production there, the company\u2019s chief executive said on Thursday.<\/p>\n

Syrah operates the Balama graphite mine in Mozambique\u2019s Cabo Delgado province and is one of the world\u2019s biggest producers of graphite, a key component of lithium-ion batteries used in electric vehicles.<\/p>\n

Mined graphite production from top supplier China has been impacted by COVID related logistics interruptions, Syrah chief executive Shaun Verner said in a quarterly update.<\/p>\n

\u201cChinese natural graphite production constraints are evident, with higher Chinese natural graphite imports required to satisfy demand, and Syrah\u2019s forward sales orders indicate customer concern regarding Chinese natural graphite production availability and market balance,\u201d he said.<\/p>\n

Verner said Syrah has a forward sales order book of about 90,000 tonnes of natural graphite. The company produced 44,000 tonnes of graphite in the quarter to June and expects to raise monthly output above 15,000 tonnes.<\/p>\n

The company said the weighted average sales price of natural graphite sales for the quarter was US$662 per tonne (CIF), up 16 per cent from $573 in the previous quarter.<\/p>\n

But it noted higher diesel and shipping costs were squeezing margins. The company\u2019s shares have fallen around 26 per cent so far this year after strong gains in 2020 and 2021.<\/p>\n

During the quarter, Syrah signed a memorandum of understanding with Japan\u2019s Mitsubishi Chemical Corporation to collaborate on the development of battery materials.<\/p>\n

This follows Syrah\u2019s December 2021 offtake agreement with Tesla for the supply of 8,000 tonnes of natural graphite active anode material per year from its Vidalia facility in the United States.<\/p>\n

Syrah suspended logistics and personnel movements at its Balama mine for a week in June as a precautionary measure due to insurgent activity in the Ancuabe region of Cabo Delgado province. The company said its operations, employees and contractors were not impacted by the incidents, which took place more than 200 km (124 miles) from the mine.<\/p>\n

On Wednesday, gem producer Gemfields reported an attack near its ruby mine in Cabo Delgado\u2019s Montepuez district, but said operations had not been halted.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Australia\u2019s Syrah Resources is seeing strong demand for the graphite it mines in Mozambique, thanks in part to China\u2019s COVID-19 lockdowns which are impacting production there, the company\u2019s chief executive said on Thursday. Syrah operates the Balama graphite mine in Mozambique\u2019s Cabo Delgado province and is one of the world\u2019s biggest producers […]<\/p>\n","protected":false},"author":84,"featured_media":23306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-23307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nChina lockdowns helping Mozambique graphite, Syrah Resources says - Mozambique<\/title>\n<meta name=\"description\" content=\"Australia\u2019s Syrah Resources is seeing strong demand for the graphite it mines in Mozambique, thanks in part to China\u2019s C ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/china-lockdowns-helping-mozambique-graphite-syrah-resources-says\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China lockdowns helping Mozambique graphite, Syrah Resources says\" \/>\n<meta property=\"og:description\" content=\"Australia\u2019s Syrah Resources is seeing strong demand for the graphite it mines in Mozambique, thanks in part to China\u2019s C ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/china-lockdowns-helping-mozambique-graphite-syrah-resources-says\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-21T15:41:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-21T15:58:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/07\/postQueueImg_7-62d9777d2e246.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"378\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/china-lockdowns-helping-mozambique-graphite-syrah-resources-says#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/china-lockdowns-helping-mozambique-graphite-syrah-resources-says\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"China lockdowns helping Mozambique graphite, Syrah Resources says\",\"datePublished\":\"2022-07-21T15:41:52+00:00\",\"dateModified\":\"2022-07-21T15:58:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/china-lockdowns-helping-mozambique-graphite-syrah-resources-says\"},\"wordCount\":375,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/china-lockdowns-helping-mozambique-graphite-syrah-resources-says#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/07\/postQueueImg_7-62d9777d2e246.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/china-lockdowns-helping-mozambique-graphite-syrah-resources-says#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/china-lockdowns-helping-mozambique-graphite-syrah-resources-says\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/china-lockdowns-helping-mozambique-graphite-syrah-resources-says\",\"name\":\"China lockdowns helping Mozambique graphite, Syrah Resources says - 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