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DOE closes $102.1M loan to Syrah Technologies to expand production of graphite-based active anode material

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The US Department of Energy’s (DOE) Loan Programs Office (LPO) has closed a $102.1-million This marks the first loan from the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program since 2011, and the first ATVM loan exclusively for a supply chain manufacturing project. Earlier post.). million EVs by 2040.

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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. The company reported its production in Mozambique as 25kt in Q3, down from 29kt in Q2.

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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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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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Panasonic invests more in graphite supply for the North American market

Teslarati

Panasonic Energy signed a seven-year agreement with Nouveau Monde Graphite Inc. NMG is an active anode material manufacturer based in Quebec, Canada. Panasonic Energy’s graphite supply deal with NMG starts with an investment of USD$25 million. In 2022, Tesla started looking for battery material sources outside of China.

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Tesla graphite supplier gets $107M loan offer from Biden Administration

Teslarati

The United States Department of Energy (DOE) offered a conditional commitment to lend Tesla graphite supplier Syrah Technologies, LLC up to $107 million to expand its US-based plant. The company transports graphite concentrate from Balama, Mozambique. The move will reduce Tesla’s reliance on China.

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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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