Fossil Fuels
Syrah Resources' losses deepen as China glut strikes graphite need
Syrah Resources on Monday published a broader halfyear loss after its graphite production and sales plunged in the middle of a glut in significant market China. The Australian miner's half-year loss widened to A$ 67.1. million ($ 44.66 million) in the 6 months to June 30, from. A$ 38.6 million in the very same period a year previously. Its profits fell 33% to A$ 19 million. Graphite is a carbon-based material utilized in batteries and is. an essential part in electric automobiles. China accounts for more. than 70% of international supply of both natural, mined graphite and. the artificial range,...