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Syrah sign binding sales deal for Mozambique graphite

20th December 2018

By: Creamer Media Reporter

     

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Australia-headquartered Syrah Resources has signed a binding term sales agreement with Qingdao Langruite Graphite (Langruite) for the sale of at least 48 000 t of natural graphite from the Balama mine, in Mozambique, next year.

The agreement also allows for an additional 12 000 t at Syrah’s option.

Langruite, based in Shangdong, China, is a related entity of Qingdao Guangxing Electronic Materials, with which Syrah has developed spot business this year.

The agreement includes the sale of fine and coarse flake products, across a range of fixed carbon grades.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

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