ASX-listed Syrah Resources has announced a binding term sales agreement with Qingdao Langruite Graphite.
- The agreement is for a minimum of 48 kt of natural graphite from Balama in 2019, with an additional 12 kt at Syrah’s option
- The agreement includes sale of both fine and coarse flake products, across a range of fixed carbon grades
- All other terms of the agreement are confidential
- Langruite, based in Shandong, China is a related entity of Qingdao Guangxing Electronic Materials with whom Syrah has developed spot business over 2018
- Guangxing is active across all major segments of the graphite market, including spherical graphite and refractory materials from their own facilities and trading activities
“Syrah continues to establish itself as a significant supplier of natural graphite into China,” says Syrah MD and CEO, Shaun Verner.
Our relationship with Langruite will enable further diversification of Balama graphite sales across a range of end uses and provides flexibility in product delivery. We look forward to
a successful relationship with Langruite.”