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Syrah Resources secures graphite supply deal
1:10 CAT | 21 Dec 2018
In file CoM
ASX-listed Syrah Resources has announced a binding term sales agreement with Qingdao Langruite Graphite.
The agreement is for a minimum of 48 kt of natural graphite from Balama in 2019, with an additional 12 kt at Syrah’s option
The agreement includes sale of both fine and coarse flake products, across a range of fixed carbon grades
All other terms of the agreement are confidential
Langruite, based in Shandong, China is a related entity of Qingdao Guangxing Electronic Materials with whom Syrah has developed spot business over 2018
Guangxing is active across all major segments of the graphite market, including spherical graphite and refractory materials from their own facilities and trading activities.
“Syrah continues to establish itself as a significant supplier of natural graphite into China,” says Syrah MD and CEO, Shaun Verner.
Our relationship with Langruite will enable further diversification of Balama graphite sales across a range of end uses and provides flexibility in product delivery. We look forward to
a successful relationship with Langruite.”
Source: Mining Review
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