Syrah Resources Limited (SYAAF)

Australia's Syrah Resources inks offtake deal with S. Korea's Posco Future M

Under the six-year deal, Syrah will supply up to 2 kilotonnes (kt) of natural graphite per month in the year following commissioning. The price for the natural graphite supply will be mutually negotiated on a quarterly basis over the term of the agreement, Syrah said. The deal is part of the graphite producer's strategy to transition Balama natural graphite sales to a more "geographically diversified and commercially aligned customer base", it said.