Tesla supplier Syrah expects more graphite buys ahead of China export ban
© Reuters. FILE PHOTO: A Tesla logo is shown on a Model 3 vehicle in Encinitas, California, U.S.,October 20, 2023. REUTERS/Mike Blake/File Photo - Australian producer Syrah Resources on Thursday said it expects buyers outside of China to step up their purchases of natural graphite before stricter export controls on the battery material came into effect on December 1.
Syrah said that, based on feedback from its customers and analysts, buyers are looking to stockpile graphite to reduce the risk of near-term supply disruptions ahead of the ban, and ahead of China's winter when it tends to produce less natural graphite. "Although the impacts of implementation are not yet known, the announced graphite export controls in China are increasing Government and private sector attention on the strategic importance of Syrah as a unique ex-China natural graphite and AAM supplier in the battery supply chain," the company said in a statement.
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