Australia's Syrah Resources rises as flagship graphite operation to restart

Syrah Resources

15/05/2025 04:13

** Shares of Syrah Resources SYR.AX rise as much as 3.9% to A$0.4, their highest level since June 17, 2024

** Industrial minerals and technology firm says its flagship Balama graphite operation in Mozambique is targeted to restart production by end of June quarter

** A force majeure event was declared in December at the graphite operations due to disruptions from protests exacerbated by ongoing civil unrest

** Stock extends YTD gains to 92.7%

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.kumar@thomsonreuters.com;))