Brief: Syrah Resources Updates On China Export Controls On Graphite Products

Syrah Resources

26/10/2023 02:30

Oct 26 (Reuters) - Syrah Resources Ltd  SYR.AX :
    * CHINA TO IMPLEMENT EXPORT CONTROLS ON GRAPHITE PRODUCTS
    * NOTES ANNOUNCEMENT BY MINISTRY OF COMMERCE & GACC IN CHINA
REGARDING EXPORT CONTROLS FOR DESIGNATED "DUAL-USE" GRAPHITE
PRODUCTS
    * CO UNDERSTANDS EXPORT CONTROLS WILL APPLY TO NATURAL
GRAPHITE
AND ITS PRODUCTS
    * STARTED INTERACTIONS WITH CHINESE AND EX-CHINA CUSTOMERS
TO
INVESTIGATE IMMEDIATE AND LONGER TERM SUPPLY IMPACTS
    * NEAR-TERM DISLOCATION OF EXISTING GRAPHITE SUPPLY TO
HIGHER
PRICED ALTERNATIVES MAY DISRUPT TRADE-FLOWS AND PRODUCT SEGMENTS
    * LIKELY INCREASED INVENTORY PURCHASING BY EX-CHINA NATURAL
GRAPHITE BUYERS TO MITIGATE NEAR-TERM DISRUPTIONS TO CHINA
EXPORT SUPPLY
    * UNCERTAINTY REGARDING IMPACT OF CONTROLS ON CHINESE SUPPLY
EXPECTED TO CONTINUE INTO 2024
    * DOES NOT ANTICIPATE THERE WILL BE MEANINGFUL IMPACT ON
BALAMA
NATURAL GRAPHITE DEMAND FROM CHINA IN NEAR-TERM

Source text for Eikon:  ID:nASX2Wzwy4 
Further company coverage:  SYR.AX 

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