Syrah Resources Restarts Balama Shipments, Lifts Force Majeure

Restarting Operations at Balama

Syrah Resources Limited (ASX – SYR) has taken a major stride towards operational normalcy with the recommencement of production at its Balama Graphite Operation in Mozambique. After regaining site access in early May 2025, the company restarted graphite production by mid-June and has now begun loading a substantial 10,000-tonne breakbulk shipment at Pemba port. This shipment, consisting of fines natural graphite, is destined for markets outside China, underscoring Syrah's commitment to global supply chains.

Logistics and Market Reach

Alongside the breakbulk shipment, Syrah has also resumed container shipments from Nacala port, primarily targeting industrial customers with coarse flake graphite. The company is preparing for a subsequent breakbulk shipment aimed at customers in the United States, scheduled before the end of the September quarter. These developments signal a robust recovery in Syrah's logistics and distribution capabilities following earlier disruptions.

Lifting the Force Majeure

Crucially, Syrah's Mozambican subsidiary, Twigg Exploration and Mining, Limitada, has formally notified the Mozambican Government of the removal of the force majeure declaration under the Mining Agreement. This legal step reflects restored operational stability and the company's confidence in its ability to meet contractual obligations. The lifting of force majeure removes a significant overhang that had clouded the company's outlook since late 2024.

Looking Ahead

While Syrah has not provided updated financial guidance, the resumption of production and shipments is likely to positively influence market sentiment. The company’s vision to be a leading supplier of high-quality graphite and anode materials remains intact, with its Balama operation central to this strategy. Investors and industry watchers will be keen to monitor how Syrah navigates the evolving market dynamics and geopolitical factors in Mozambique.