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Syrah Resources signs binding offtake agreement with Tesla for natural graphite active anode material

Green Car Congress

Tesla will offtake the majority of the proposed initial expansion of AAM production capacity at Vidalia at a fixed price for an initial term of four years commencing from the achievement of a commercial production rate, subject to final qualification. Balama mine operation in Mozambique. Vidalia battery anode material project site.

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Roskill: graphite prices could push higher on tightening markets for batteries & electrodes

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Synthetic graphite electrode prices rose nine-fold through the first three quarters of 2017, increasing from US$1,748/t in January 2017 to a high of US$16,309/t in September, according to Roskill Information Services. Despite some fallback during the winter months, prices remained above US$15,600/t through February and March 2018.

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Tesla supplier sheds light on graphite supply challenge for EV battery manufacturers [Editorial]

Teslarati

The chief executive of Syrah Resources, Shaun Verner, shared a bit about graphite pricing and funding for new projects. Syrah Resources is an Australian company that supplies Tesla from its mine in Mozambique, one of the largest graphite producers. . Graphite prices have declined in recent months compared to the highs in early 2022.

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Syrah Resources completes BFS for expansion of US anode material production

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The BFS confirms that 10ktpa of AAM production can be achieved via expansion of the existing plant and infrastructure within Syrah’s existing 25-acre industrial site. The company suggests AAM spot prices in China are currently US$5,471/t (as of 27 November). 3D model of Vidalia 10kt per annum expansion.

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Roskill: Spread of COVID-19 threatens cobalt supply; bottlenecks out of DRC

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China is the world’s leading consumer of cobalt, with more than 80% of its consumption being used by the rechargeable battery industry. However, owing to the widespread closures in South Africa, most shipments are now having to be diverted to other neighboring ports such as Maputo in Mozambique or Dar es Salaam in Tanzania.

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ExxonMobil seeking to boost growth, continue work on lower-emissions technologies including biofuels and carbon capture

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ExxonMobil expects to increase annual earnings potential by more than 140% and double potential annual cash flow from operations by 2025 from 2017 adjusted earnings, assuming a 2017 oil price of $60 per barrel adjusted for inflation and based on 2017 margins. In Brazil, the company has acquired 2.3 —Darren Woods.

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ExxonMobil evaluating significant near-term capital and operating expense reductions; COVID-19

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ExxonMobil is looking to reduce spending significantly as a result of market conditions caused by the COVID-19 pandemic and commodity price decreases. Woods said that ExxonMobil has faced numerous market downturns throughout its long history and has experience operating in a sustained low-price environment.