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anode material production start in US sets stage for localised supply","syrahs-anode-material-production-start-in-us-sets-stage-for-localised-supply","article/syrahs-anode-material-production-start-in-us-sets-stage-for-localised-supply",{"_uid":557,"date":558,"tags":559,"editor":569,"content":579,"excerpt":724,"featured":51,"reporter":725,"_editable":729,"component":730,"seo_title":553,"categories":731,"visibility":740,"author_company":49,"featured_image":741,"seo_description":724,"author_full_name":49,"author_job_title":49,"formattedDate":746,"formattedArticleDate":747},"75bec1a1-8f77-44f6-a075-d86d645795c3","2024-02-15 00:00",[560,563,566],{"slug":561,"name":562},"china","China",{"slug":564,"name":565},"north-america","North America",{"slug":567,"name":568},"us","US",[570],{"slug":571,"name":572,"content":573},"matthew-bird","Matthew Bird",{"job_title":574,"image":575,"bio":577,"linkedin":578},"Senior Editor - Supply Chains & Data Visualisation",{"filename":576},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":580,"content":581},"doc",[582,599,604,609,622,634,645,650,655,660,665,672,685,698,711],{"type":583,"attrs":584,"content":585},"paragraph",{"textAlign":49},[586,589,597],{"text":587,"type":588},"Syrah Resources has started production of natural graphite anode active material at its Vidalia plant in Louisiana, setting the stage for Inflation Reduction Act (IRA) compliant supplies to come online as North America looks to ","text",{"text":590,"type":588,"marks":591},"lower its dependency on Chinese",[592],{"type":593,"attrs":594},"link",{"href":595,"uuid":49,"anchor":49,"target":49,"linktype":596},"https://source.benchmarkminerals.com/article/chinas-ability-to-restrict-supply-is-now-fully-visible-qa-with-syrahs-shaun-verner","url",{"text":598,"type":588}," incumbents.",{"type":583,"attrs":600,"content":601},{"textAlign":49},[602],{"text":603,"type":588},"The move makes Syrah the first commercial scale vertically integrated natural graphite anode maker outside China.",{"type":583,"attrs":605,"content":606},{"textAlign":49},[607],{"text":608,"type":588},"“Whilst these steps mark the beginning of localised anode material production, there remains a significant journey ahead before the region achieves self-sufficiency,” said Tony Alderson, graphite analyst at Benchmark.",{"type":583,"attrs":610,"content":611},{"textAlign":49},[612,614,620],{"text":613,"type":588},"The US anode supply is forecast to grow 38 times to reach around 129,000 tonnes a year by the end of 2030 from around 3,000 tonnes in 2023, according to ",{"text":615,"type":588,"marks":616},"Benchmark’s Anode Forecast",[617],{"type":593,"attrs":618},{"href":619,"uuid":49,"anchor":49,"target":49,"linktype":596},"https://www.benchmarkminerals.com/forecasts/anode/reports/",{"text":621,"type":588},". Despite this substantial growth, the US anode share is expected to make up just under 4% of the global market share by the end of 2030. ",{"type":583,"attrs":623,"content":624},{"textAlign":49},[625,627,632],{"text":626,"type":588},"In contrast, China is anticipated to maintain its dominant position, holding over 82% of the anode supplies by the end of the decade, ",{"text":628,"type":588,"marks":629},"Benchmark data",[630],{"type":593,"attrs":631},{"href":619,"uuid":49,"anchor":49,"target":49,"linktype":596},{"text":633,"type":588}," shows. ",{"type":583,"attrs":635,"content":636},{"textAlign":49},[637,639,643],{"text":638,"type":588},"North America is forecast to experience an anode material deficit throughout the decade, with projections indicating that the deficit will surpass 700,000 tonnes a year by the end of the decade from 244,000 tonnes this year, according to ",{"text":615,"type":588,"marks":640},[641],{"type":593,"attrs":642},{"href":619,"uuid":49,"anchor":49,"target":49,"linktype":596},{"text":644,"type":588},". ",{"type":583,"attrs":646,"content":647},{"textAlign":49},[648],{"text":649,"type":588},"“This highlights the substantial investments needed to establish a regional midstream value chain if the supply is to be sourced locally,” said Alderson.",{"type":583,"attrs":651,"content":652},{"textAlign":49},[653],{"text":654,"type":588},"In addition to Syrah, companies such as Westwater and Nouveau Monde are developing vertically integrated projects in the region, further contributing to this trend.",{"type":583,"attrs":656,"content":657},{"textAlign":49},[658],{"text":659,"type":588},"Earlier this month, Westwater revealed its first off-take deal with South Korean battery maker SK On’s battery plants in the US. SK On counts Ford, Volkswagen, Hyundai and others as its customers. Westwater will supply SK On CSPG-10 natural graphite anode products and the latter will buy a fixed percentage of the anode maker’s forecasted volume on an annual basis. ",{"type":583,"attrs":661,"content":662},{"textAlign":49},[663],{"text":664,"type":588},"China could comfortably cover Europe and North America’s anode supply deficit, however ESG concerns and IRA compliance remain a challenge for integrating Chinese material in the future.",{"type":666,"attrs":667,"content":669},"heading",{"level":668,"textAlign":49},4,[670],{"text":671,"type":588},"Syrah’s Vidalia gameplan",{"type":583,"attrs":673,"content":674},{"textAlign":49},[675,677,683],{"text":676,"type":588},"Syrah aims to ramp up production rates at Vidalia to 11,250 tonnes a year nameplate capacity, targeting 80% within six months and ",{"text":678,"type":588,"marks":679},"full capacity",[680],{"type":593,"attrs":681},{"href":682,"uuid":49,"anchor":49,"target":49,"linktype":596},"https://source.benchmarkminerals.com/article/us-ira-poses-challenges-for-south-korean-companies-as-they-build-out-north-american-battery-capacity",{"text":684,"type":588}," within 18 months. It will source the feedstock from its Balama mine and processing facility in northern Mozambique. ",{"type":583,"attrs":686,"content":687},{"textAlign":49},[688,690,696],{"text":689,"type":588},"Syrah said it will produce and send product samples to its ",{"text":691,"type":588,"marks":692},"downstream customers including Tesla",[693],{"type":593,"attrs":694},{"href":695,"uuid":49,"anchor":49,"target":49,"linktype":596},"https://source.benchmarkminerals.com/article/tesla-secures-us-graphite-supplies-with-syrah-deal",{"text":697,"type":588}," for testing and qualification purposes. Tesla had in 2021 said it will buy 8,000 tonnes of graphite anode material from Syrah’s Vidalia facility for four years at a fixed price once it starts commercial production. Though offtake sales will be based on the production ramp-up and the completion of the product qualification process. ",{"type":583,"attrs":699,"content":700},{"textAlign":49},[701,703,709],{"text":702,"type":588},"Syrah’s Vidalia production start also follows China’s recent introduction of ",{"text":704,"type":588,"marks":705},"export controls on natural and synthetic graphite",[706],{"type":593,"attrs":707},{"href":708,"uuid":49,"anchor":49,"target":49,"linktype":596},"https://source.benchmarkminerals.com/article/china-graphite-export-restrictions-could-hinder-ex-china-anode-development",{"text":710,"type":588}," and its products, and the US guidance on the foreign entity of concern (FEOC) qualification for the Section 30D tax credit for new electric vehicles in the IRA. ",{"type":583,"attrs":712,"content":713},{"textAlign":49},[714,716,722],{"text":715,"type":588},"The company said it is making progress to secure ",{"text":717,"type":588,"marks":718},"additional funding",[719],{"type":593,"attrs":720},{"href":721,"uuid":49,"anchor":49,"target":49,"linktype":596},"https://source.benchmarkminerals.com/article/us-doe-awards-first-battery-supply-chain-loan-to-syrah-anode-project",{"text":723,"type":588}," for Vidalia’s further expansion and that the US Department of Energy (DOE) is undertaking due diligence for an additional loan of US$350 million to support the expansion to a total 45,000 tonnes per year nameplate capacity.","Syrah Resources has started production of natural graphite anode active material at its Vidalia plant in Louisiana, setting the stage for Inflation Reduction Act (IRA) compliant supplies to come online as North America looks to lower its dependency on Chinese incumbents. The move makes Syrah the first commercial scale vertically integrated natural graphite anode maker […]",[726],{"slug":571,"name":572,"content":727},{"job_title":574,"image":728,"bio":577,"linkedin":578},{"filename":576},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"75bec1a1-8f77-44f6-a075-d86d645795c3\", \"id\": \"\"}-->","article",[732,734,737],{"slug":733,"name":265},"anode",{"slug":735,"name":736},"batteries","Batteries",{"slug":738,"name":739},"geopolitics","Geopolitics","private",{"id":49,"alt":742,"name":742,"focus":742,"title":742,"source":742,"filename":743,"copyright":742,"fieldtype":744,"meta_data":745,"is_external_url":51},"","https://a.storyblok.com/f/287943243085208/a9ba5bd909/bm-syrah-vidalia.png","asset",{"alt":742,"title":742,"source":742,"copyright":742},"Feb 15, 2024","15th February 2024",[],[],1790082822372]