Tesla seeks first US battery graphite with Syrah supply deal

The US-based carmaker has agreed to take the majority of battery-ready graphite from a production facility planned in Louisiana, as it races to secure supplies of the key material in a market dominated by China.
Photo: John Thys/AFP/Ritzau Scanpix
Photo: John Thys/AFP/Ritzau Scanpix
By James Thornhill, Bloomberg News

Melbourne-based Syrah Resources Ltd. will supply Elon Musk's company with graphite anode material for an initial four years, with an option to buy additional volumes subject to further expansion at Syrah's Vidalia plant, the Australian company said in a statement. The Louisiana facility is planned to process graphite from Mozambique to become the first US-based source of graphite anodes for the country's fast-growing electric vehicle and lithium-ion battery manufacturing industry.

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