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Roskill: graphite prices still rising on high Chinese electricity costs

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This week, Syrah Resources reported that its Q3 production had been constrained by disruption in the global container shipping market. The company reported its production in Mozambique as 25kt in Q3, down from 29kt in Q2. Total output for 2021 is likely to rival the next-largest ex-China producer, National de Grafite in Brazil.

Chinese 321
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Mitsubishi Chemical strengthens production capacity of graphite anode materials in China; possible production in Europe and US

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MCHG has also begun to consider the production and sale of anode materials in European countries and the United States. The market for Li-ion batteries for automobile applications is expected to grow about 30% annually on average. The production line is scheduled to start operation in the first half of fiscal 2023.

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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. Scrap steel was banned from sale to such furnaces in early 2017, becoming available for use in EAFs. Meanwhile, needle coke is being increasingly diverted into the battery market.

Price 207
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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.

Li-ion 236
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ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

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Other significant new proved reserve additions were made in Guyana, where the company funded the first phase of development last year, and in Mozambique, associated with the project funding of the Coral FLNG project in the gas-rich deepwater Area 4. billion gross oil-equivalent barrels prior to the 2018 Ranger discovery.

2017 186
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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.

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Petrobras sells sugar, ethanol and petrochemical assets for US$587 million

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Brazil’s Petrobras closed two asset sales for the total sum of US$587 million. The Petrobras Board of Directors also approved the sale of Companhia Petroquímica de Pernambuco (PetroquímicaSuape) and Companhia Integrada Têxtil de Pernambuco (Citepe) to two subsidiaries of the Mexican company Alpek, for US$385 million.