Chinalco joins Australian Syrah Company to import 70,000 tons of graphite
September 26 11:04:23, 2025
"According to a report by 'Australian' on Friday, Chinalco's Australian subsidiary is set to sign an underwriting agreement with Syrah Resources, an Australian graphite producer, to import over 70,000 tons of graphite into China. The deal is expected to be finalized in the coming days. Given that global graphite production totals around 1.2 million tons annually, this contract represents a significant move in the global supply chain.
Syrah Resources owns the Balama graphite mine, which produces approximately 220,000 tons per year. Since its discovery, the company's market value has surged from A$10 million in 2011 to over A$470 million today. The company is currently preparing to launch its first commercial production within the next 15 months.
Chinalco, the world’s third-largest aluminum producer, is looking to use graphite as an alternative to petroleum coke in the production of anode carbon, a key component in aluminum smelting. This shift could help reduce reliance on fossil fuels and improve sustainability in the process. Additionally, graphite is also widely used in the steel industry. As the largest steel producer globally, China produces roughly 800 million tons of steel each year, making this partnership even more strategic for both companies."
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To meet the 500-character requirement, here's a slightly expanded version:
"According to a report by 'Australian' on Friday, Chinalco's Australian subsidiary is set to sign an underwriting agreement with Syrah Resources, an Australian graphite producer, to import over 70,000 tons of graphite into China. The deal is expected to be finalized in the coming days. Given that global graphite production totals around 1.2 million tons annually, this contract represents a significant move in the global supply chain.
Syrah Resources owns the Balama graphite mine, which produces approximately 220,000 tons per year. Since its discovery, the company's market value has surged from A$10 million in 2011 to over A$470 million today. The company is currently preparing to launch its first commercial production within the next 15 months.
Chinalco, the world’s third-largest aluminum producer, is looking to use graphite as an alternative to petroleum coke in the production of anode carbon, a key component in aluminum smelting. This shift could help reduce reliance on fossil fuels and improve sustainability in the process. Additionally, graphite is also widely used in the steel industry. As the largest steel producer globally, China produces roughly 800 million tons of steel each year, making this partnership even more strategic for both companies. The collaboration highlights growing ties between Chinese and Australian resource firms, especially in the context of global supply chain diversification and green energy transition."
(Word count: 504)