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Syrah Resources Ltd (ASX:SYR) is a resources business that owns and developed the Balama Graphite Project in Mozambique. In 2018, Syrah produced over 100,000 tonnes of natural graphite in 2018 and is the largest and first major new operation outside of China. Syrah is also progressing its ‘downstream’ Battery Anode Material strategy with first production of spherical graphite achieved in December 2018 from its plant in Louisiana, USA.
Here’s today’s The Match Out report from Market Matters’ James Gerrish. Key point: the S&P/ASX 200 (INDEXASX: XJO) finished down -0.82% to 6844.10.
Are graphite companies like Syrah Resources Ltd (ASX: SYR) and Talga Group Ltd (ASX: TLG) a buy? Luke Laretive from Seneca Financial Solutions tells us why he has his eye on the ASX’s graphite players.
It was relatively quiet on the ASX on Monday with traders eyeing the Reserve Bank of Australia’s latest interest-rate decision, to be announced today (and a public holiday in most states dampening activity further).
Here’s today’s The Match Out report from Market Matters’ James Gerrish. Key point: the S&P/ASX 200 (INDEXASX: XJO) finished down -0.47% to 7196.60.
The Commonwealth Bank of Australia (ASX: CBA) share price and ASX bank shares have been weighing on the market, or All Ordinaries (INDEXASX: XAO).
The S&P/ASX 200 (ASX: XJO) started the shortened week positively as Hub24 (ASX:HUB) and Praemium (ASX:PPS) shares made headlines.
The Syrah Resources Ltd (ASX:SYR) share price has soared 23% after announcing a deal with Tesla Inc (NASDAQ:TSLA).
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.42% at lunch.
The Syrah (ASX:SYR) share price is up 14% in early trading after making an announcement.
