The Balama operation came online at a time when market prices for graphite were increasing, following a sharp decline in availability from China, the single largest supplier, and a parallel rebound in demand from end-markets such as refractories and batteries. The company has been separately carrying out testing of battery anode materials, using graphite mined at Balama, as part of a battery anode materials (BAM) project which it wants to set up in the United States to supply battery makers. A feasibility study now in the works is expected to be completed in the third quarter to establish the potential size and commercial expansion of the BAM facility.Syrah expects the global demand for natural flake graphite to reach 780,000 tonnes in 2018, up by 10% year on year, the company said.
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