Syrah Resources Executes Multi-Year Graphite Active Anode Material Supply Agreement with Electric Vehicle Manufacturer

MT Newswires Live

Feb 24, 2025

Syrah Resources (ASX:SYR) executed a multi-year binding supply agreement with Lucid Group for the supply of natural graphite active anode material from its US production facility, according to a Monday Australian bourse filing.

Lucid's offtake obligation is conditional on an agreement on the final specifications of the graphite active anode material from the facility. The agreement can be terminated by either Syrah or Lucid if Lucid's battery suppliers have not completed qualification and/or committed to purchase the material by Jan. 1, 2027.

Deliveries under the agreement are expected to begin in January 2026, subject to the completion of the qualification of Syrah's facility by Lucid's battery suppliers.

Lucid and/or its battery suppliers will buy around 7,000 tonnes over a three-year term.

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The agreement can be terminated by either Syrah or Lucid if Lucid's battery suppliers have not completed qualification and/or committed to purchase the material by Jan. 1, 2027.</p><p>Deliveries under the agreement are expected to begin in January 2026, subject to the completion of the qualification of Syrah's facility by Lucid's battery suppliers.</p><p>Lucid and/or its battery suppliers will buy around 7,000 tonnes over a three-year term.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7095","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2513579999","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2513579999","pubTimestamp":1740367503,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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