On December 31, 2018, Australian listed company Syrah Resources announced that its lithium battery anode plant in Louisiana, USA, was the first to produce unpurified spherical graphite, and plans to achieve product purification in the first quarter of 2019, and then from the graphite business. The ore is extended to the negative electrode of lithium battery.
Since Mozambique discovered graphite deposits such as Balama, Mozambique has become an important resource country in the world due to its huge resources. According to the 5% graphite cut-off grade, the Balama graphite ore resource is 564 million tons, the graphite grade is 9.8%, and the vanadium grade is 0.2%, that is, the graphite resource is 55.1 million tons. The Barama graphite mine has become the world's largest graphite mine.
With the promotion of Syrah, Balama began production in the fourth quarter of 2015 and completed the first batch of product delivery in early 2017. At the same time, graphite products are being sold, and active users are transforming from the industry customers (refractory materials, metallurgy, lubricants and friction products) to the emerging lithium battery industry. The Syrah board of directors has begun to deepen the industrial chain until the terminal, and will take its own Raw material suppliers are converted to lithium battery anode suppliers.
At present, the factory's annual output of 5,000 tons of spherical graphite powder equipment has been put into place and production has begun. It is expected that the purification equipment will be in place and mass production will be completed in the first quarter of 2019.
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