Roskill view: The world’s largest manufacturer of battery anode materials for lithium-ion batteries has signed a binding sales agreement with graphite newcomer, Syrah Resources, for 30kt of graphite. The material will be sourced from the company’s Balama project in Mozambique, all in the first year of production. The Balama project will produce 140kt of graphite in the first year, and at the end of August received approval for its Mining Agreement with the Government of Mozambique.
This is an important agreement for Syrah, with production scheduled to start in October, and shows the battery anode materials manufacturer has high confidence in the new production in terms of consistency and its ability to deliver. The agreement has been signed with Jixi BTR Graphite Industrial Co Ltd, a wholly owned subsidiary of Shenzhen BTR New Energy Materials (BTR). Growing demand for lithium-ion batteries means that BTR is expanding its own production capacity and will soon commission a new plant in Jiangsu Province, China.
This sales agreement adds to Syrah’s growing list of agreements with other companies covering both battery and industrial uses of graphite. These include a confirmed agreement with Hillier Carbon and Minerals GmbH (Cofermin Group) and an expanded agreement with Marubeni from 3 to 5 years, which includes increased flake volumes. All these agreements underpin the anticipated market demand for high quality graphite, as the volumes of battery anode materials required grow.
Roskill’s Natural & Synthetic Graphite: Global Industry, Markets & Outlook report was published in May 2017. Click here to download the brochure or sample pages or access further information.
Roskill is currently attending The Battery Show 2017 in Michigan, USA (12-14th September) and would welcome visitors to our exhibition stand. Booth 101