Aussie Syrah Resources eyes best day in 2 mnths on US production update

Syrah Resources

12/01/2024 24:18

** Shares of Syrah Resources  SYR.AX  rise as much as 11.4%
to A$0.585, set for their best day since Nov. 3 - if current
gains hold
    ** Diversified miner says active anode material (AAM)
production at its 11.25ktpa AAM facility in Vidalia, Louisiana
set to start by the end of January
    ** Says heating cycle for the first furnace line commenced
in early January
    ** Stock lost 68.7% in 2023, snapping a three-year gaining
streak 

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))