Syrah Resources takes action against Chinese graphite practices

Syrah Resources (ASX:SYR) and North American graphite companies have petitioned the U.S. Department of Commerce and International Trade Commission. They seek an investigation into alleged dumping of graphite products by Chinese suppliers. This action aims to address concerns of unsustainable and unfair pricing impacting the U.S. market.

Syrah's objectives and market impact

Syrah Resources, with the North American Graphite Alliance, has filed a petition to investigate Chinese graphite dumping in the U.S. The petition targets the unfair pricing of natural and synthetic graphite active anode material products from China, crucial for lithium-ion batteries. This investigation may result in additional tariffs on Chinese imports if unfair practices are confirmed, safeguarding the North American graphite supply chain. Syrah is committed to fair trade and aims to promote a competitive market for graphite outside China. Preliminary findings are expected by February 2025, with a final determination by January 2026, which could significantly influence global graphite trade dynamics.

Executive insights on the petition

Syrah emphasizes its commitment to fair trade practices and aims to protect the North American graphite industry. The company seeks to ensure a competitive market landscape for ex-China graphite AAM companies.