{"id":48920,"date":"2023-10-21T21:30:00","date_gmt":"2023-10-21T21:30:00","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-expects-to-produce-329040-tons-of-graphite-in-2024-2"},"modified":"2023-10-21T21:30:00","modified_gmt":"2023-10-21T21:30:00","slug":"mozambique-expects-to-produce-329040-tons-of-graphite-in-2024-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-expects-to-produce-329040-tons-of-graphite-in-2024-2","title":{"rendered":"Mozambique expects to produce 329,040 tons of graphite in 2024"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Mozambique expects to produce more than 329,040 tons of graphite next year, an increase of more than 180% compared to this year\u2019s performance, according to government forecasts.<\/p>\n

In a document supporting the 2024 State Budget Economic and Social Plan (PESOE) proposal, which Lusa has accessed today, the government states that graphite production \u201cwill increase significantly\u201d next year.<\/p>\n

For the estimate, the document reads, the plans of the two companies which produce this mineral were considered, despite the fact that by the first half of 2023 there was \u201ca realisation of 22%\u201d, due to the \u201cweak demand for this ore in the international market \u201c, which led Twigg Exploration and Mining (a subsidiary of Syrah Resources Limitada), the largest producer, \u201cto temporarily interrupt its mining and processing activities in the months of May and June\u201d.<\/p>\n

The estimated production of 329,040 tons of graphite in 2024 represents an increase of 180.2% compared to what is expected for this year, according to government data included in the report, which will be discussed and then voted on in the VIII ordinary parliamentary session, to take place in Maputo from October 19th to December 21st.<\/p>\n

Mozambique produced 120,000 tons of graphite in 2020, a performance that fell to 77,116 tons the following year, while estimates for 2022 and 2023 were, respectively, 182,024 and 117,416 tons.<\/p>\n

The Mozambican Ministry of Mineral Resources and Energy admitted, at the end of August, that the decision by the Australian mining company Syrah to suspend graphite production in the country compromises the state\u2019s quantity and revenue targets.<\/p>\n

The Australian mining company Syrah Resources had announced on July 18 that it produced 15,000 tons of graphite for electric car batteries in April, which it exports from Balama district, Cabo Delgado province, northern Mozambique, having interrupted production the following month due to \u2018stocks\u2019 and prices in international markets.<\/p>\n

\u201cBalama plant operations were paused, resulting in no production, in May and June 2023 due to volatile Chinese anode market conditions and good availability of finished product inventory,\u201d reads Syrah\u2019s second quarter activity report, which estimates costs of US$4 million (\u20ac3.5 million) for each month of the unit\u2019s closure.<\/p>\n

Speaking to Lusa in Auguts, the national director of Geology and Mining of Mozambique, Ca\u0302ndido Rangeiro, pointed out that the measure could compromise this year\u2019s graphite production projections and the revenue for the state generated by this ore.<\/p>\n

Without specifying numbers, Rangeiro said at the time that the impact could be \u201cconsiderable\u201d, taking into account that Syrah is the largest graphite miner in Mozambique, ahead of GK, which exploits graphite in Ancuabe district, also in Cabo Delgado.<\/p>\n

\u201cThis company [GK] did not inform us of any stoppage, perhaps because it produces for a parent company in Germany,\u201d which did not instruct its subsidiary in Mozambique about any decision regarding its operation in the north, Rangeiro added at the time.<\/p>\n

READ: Mozambique: Mining Co. decision to stop graphite production may hit revenues \u2013 National Director of Geology and Mines<\/b><\/p>\n

Syrah\u2019s Balama mine began commercial production four years ago and hit the spotlight in December 2021, when Syrah announced it had signed a four-year deal to supply graphite anode materials to electric carmaker Tesla from Syrah\u2019s Vidalia plant in the U.S. state of Louisiana, which will use graphite from Mozambique\u2019s Balama mine, the largest high-grade graphite deposit in the world, according to the Australian company itself.<\/p>\n

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

Africa-Press – Mozambique. Mozambique expects to produce more than 329,040 tons of graphite next year, an increase of more than 180% compared to this year\u2019s performance, according to government forecasts. In a document supporting the 2024 State Budget Economic and Social Plan (PESOE) proposal, which Lusa has accessed today, the government states that graphite production […]<\/p>\n","protected":false},"author":84,"featured_media":48919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-48920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nMozambique expects to produce 329,040 tons of graphite in 2024 - Mozambique<\/title>\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\/mozambique-expects-to-produce-329040-tons-of-graphite-in-2024-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mozambique expects to produce 329,040 tons of graphite in 2024\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Mozambique. Mozambique expects to produce more than 329,040 tons of graphite next year, an increase of more than 180% compared to this year\u2019s performance, according to government forecasts. 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