¬ Syrah resumes operations at its Balama graphite mine in Mozambique.
¬ Production is gradually resuming; exports are expected to resume in Q3 2025.
¬ Global prices remain低迷and force majeure persists.
Australian mining company Syrah Resources has resumed production at its Balama graphite mine in Mozambique, the largest graphite mine in Africa. After weeks of personnel adjustments and plant renovations, the company announced the resumption of production on Thursday, June 19th.
Operations at the Balama graphite mine were suspended in July 2024 due to low graphite prices and community blockades. These issues have now been resolved, and Syrah plans to gradually increase plant utilization and output under an "active mode" framework.
The company intends to rebuild inventory and resume exports to markets outside China by Q3 2025 at a moderate pace. Despite Balama's claimed annual graphite capacity of 350,000 tons, no specific production targets have been set for the remainder of 2024.
Syrah maintains its force majeure declaration issued in 2024, which will remain in effect until exports resume and operational conditions are fully reviewed. This resumption occurs amid ongoing supply overcapacity pressure in the global graphite market, particularly from China.
Supply overcapacity has led to continuous price declines. According to ChemAnalyst, U.S. flake graphite prices fell 5.5% in Q1 2025 to $912 per ton. Syrah's decision to reduce Balama's operational speed reflects this market reality, as output is closely linked to demand.
Source: ecofinagency
Original Source: https://www.toutiao.com/article/1835447673383939/
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