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US DFC approves $150M conditional loan commitment for Balama graphite mine in Mozambique

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The US Development Finance Corporation’s (DFC’s) Board of Directors approved the provision of up to $150 million in financing to Twigg Exploration and Mining—a wholly-owned subsidiary of Australia-based Syrah Resources Limited—to fund investments in the company’s graphite mining and processing operation in Balama, Mozambique.

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Tesla turns to Mozambique mine to acquire graphite for its EV batteries: report

Teslarati

Among these is reportedly one of the world’s largest graphite mines in Balama, Mozambique, which is operated by Australia’s Syrah Resources. . As per a report from The Associated Press , Syrah’s Louisiana plant sources its graphite from the company’s Balama, Mozambique mine.

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Panasonic invests more in graphite supply for the North American market

Teslarati

The deal with NMG will further solidify Panasonic’s goal to strengthen its EV battery supply chain in North America. Panasonic Energy’s graphite supply deal with NMG starts with an investment of USD$25 million. The deal between Panasonic and Novonix was also for a supply of graphite for electric vehicle (EV) battery production.

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bp begins shipping LNG from Mozambique’s first LNG project and first FLNG platform

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As bp aims for an LNG portfolio of 30 million tonnes by 2030, the new Mozambique supply source expands bp’s flexible, high-quality LNG portfolio and further enhances the company’s capability to deliver LNG to markets globally. a joint venture owned by Eni, ExxonMobil and CNPC), GALP, KOGAS and ENH (Mozambique state entity).

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Eni announces a giant gas discovery offshore Mozambique

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Eni announced a giant natural gas discovery at the Mamba South 1 prospect, in the Area 4 Offshore Mozambique. The volume of natural gas discovered will lead to a large-scale gas development with a combination of both export to regional and international markets through LNG and supply to the domestic market.

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Roskill: graphite prices still rising on high Chinese electricity costs

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Roskill reports that prices for Chinese graphite continue to rise as producers contend with increasing electricity costs and supply disruption caused by limits on energy consumption. This week, Syrah Resources reported that its Q3 production had been constrained by disruption in the global container shipping market.

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Tesla supplier sheds light on graphite supply challenge for EV battery manufacturers [Editorial]

Teslarati

There are many challenges that EV battery manufacturers might face in the graphite market as electric vehicle demand continues to rise. Syrah Resources is an Australian company that supplies Tesla from its mine in Mozambique, one of the largest graphite producers. . Graphite Supply.