Syrah Resources secures graphite supply deal

2018-12-22

Dec. 21, 2018 - 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.”