Specvestor
03-20

$SYRAH RESOURCES LTD(SYR.AU)$ strong rally so far in March appears to be based on tariff expectations from the US onto Chinese Synthetic graphite. Recent surge to 30c corresponds to a reduction in shorts and removal from ASX300.

Concerns remain with operations impacted by protests but the key risk is low value of graphite driven down by Chinese synthetic supply. Trade tariffs would alleviate this resulting in improved revenues as currently the company cannot product product to sell at above cost hence operations are reduced.

Trump to impose reciprocal and industry tariffs on April 2
Trump to impose reciprocal and industry tariffs on April 2
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Comments

  • Specvestor
    05-06
    Specvestor
    A good update yesterday with the Balama mine back open. Awaiting 27 May where an expected update on potential tariffs on Chinese Graphite will be rolled out to prevent their dumping. Syrah is the largest supplier of Natural Graphite Ex-China and given its current critical nature in battery production should be protected from these unfair practices.
  • mashelr
    05-16
    mashelr
    A good stock to watch out. If you can hold long-term maybe buy now.
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