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US DFC approves $150M conditional loan commitment for Balama graphite mine in Mozambique

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The US Development Finance Corporation’s (DFC’s) Board of Directors approved the provision of up to $150 million in financing to Twigg Exploration and Mining—a wholly-owned subsidiary of Australia-based Syrah Resources Limited—to fund investments in the company’s graphite mining and processing operation in Balama, Mozambique.

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Panasonic invests more in graphite supply for the North American market

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Panasonic Energy signed a seven-year agreement with Nouveau Monde Graphite Inc. The deal with NMG will further solidify Panasonic’s goal to strengthen its EV battery supply chain in North America. Panasonic Energy’s graphite supply deal with NMG starts with an investment of USD$25 million.

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DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

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The US Department of Energy (DOE) is awarding a combined $2.8 billion to 21 projects to expand domestic manufacturing of batteries for electric vehicles (EVs) and the electrical grid and for materials and components currently imported from other countries. Earlier post.) Of that, $1.6

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Roskill: graphite prices still rising on high Chinese electricity costs

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Roskill reports that prices for Chinese graphite continue to rise as producers contend with increasing electricity costs and supply disruption caused by limits on energy consumption. This week, Syrah Resources reported that its Q3 production had been constrained by disruption in the global container shipping market.

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

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The tight supply/demand situation for graphite electrodes is expected to persist for much longer than many market observers expect. Meanwhile, needle coke is being increasingly diverted into the battery market. Batteries underpin growth in natural graphite.

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Syrah Resources successfully produces Li-ion battery grade spherical graphite; market numbers

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Australia-based Syrah Resources has successfully produced uncoated battery grade spherical graphite, using natural flake graphite from its Balama Graphite & Vanadium Project in Mozambique. The International Energy Agency (IEA) 2013 has forecast annual sales of electric vehicles (EVs) of nearly 6 million units by 2020.

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Walkabout Resources’ Tanzanian graphite project moves to construction phase

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Australia-based Walkabout Resources, an Africa-focused energy minerals developer, announced that its Tanzania Lindi Jumbo flake graphite project had progressed into the construction phase, with the CRDB-approved Independent Project Manager completing site visits and bulk earthmoving contractor TNR commencing mobilization.

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