Syrah signs supply deal with Japanese major

Graphite developer Syrah Resources has signed a three-year offtake agreement with Japanese major Marubeni Corporation, giving it exclusive rights to sell flake graphite from the Balama project, in Mozambique, in Japan and Korea. Under the terms of the agreement, Marubeni would purchase some 20 000 t/y of flake graphite from Syrah, across various size fractions, with the Japanese firm then marketing the products to its customers.