Graphite producer Syrah signs a binding sales agreement with Qingdao TEDA New Energy to sell 20,000 tons of natural graphite produced by Syrah in the Balama project in Mozambique.
According to the sales agreement announcement, Syrah will supply graphite to Qingdao Teda from August 31, 2019.
Syrah CEO Shaun Verner said, "This contract is another proof that Syrah's Balama graphite products have penetrated into China and the battery anode materials market. As sales continue to increase, a large amount of spot sales translate into this high quality Long-term contracts are also pleasing. "
Qingdao TEDA New Energy Co., Ltd. is one of the earliest and largest photovoltaic companies in Qingdao. It was established by Swiss Case Group and Qingdao TEDA Investment Co., Ltd. with a registered capital of 5 million yuan. The company integrates R & D, production and trade. The products are mainly divided into three series, including: photovoltaic modules, photovoltaic power stations, and photovoltaic application products.
Syrah is headquartered in Australia and develops the Balama graphite project in Mozambique. In May 2017, the mine entered a test phase. Since the discovery of the Balama graphite deposit, Syrah has attracted much attention from the market.