Syrah Resources, the biggest graphite producer outside China, anticipates demand for the key battery material will return as Chinese inventories shrink, allowing the Australian firm to restart its flagship African mine.

China is the world’s largest graphite producer and dominates refining of the material used in electric vehicle batteries and nuclear reactors. Syrah offers one of the few non-Chinese options for those seeking the material through its mine in Mozambique, but the company halted production earlier this year when graphite prices plummeted because of high inventory and weaker sales growth for EVs.

Bloomberg