Balama Graphite Mine

New Balama graphite offtake deals, PV/storage plant complete

Issue 490 - 14 Aug 2023 - By Marc Howard | 2 minute read

Australian Securities Exchange (ASX)-listed graphite miner and processor Syrah Resources has signed two new offtake agreements with American active anode material (AAM) processors for offtake from its Balama mine in Cabo Delgado province.

Balama is the world’s largest facility outside China producing natural graphite, which is far less emitting than its synthesised counterpart. Major new demand from US-based buyers would mark a sea change in its marketing, as in 2022 China made up 64% of Syrah’s sales by revenue.

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