Syrah Resources Limited (OTCPK:SYAAF) Q1 2025 Earnings Conference Call April 28, 2025 9:00 PM ET
Company Participants
Shaun Verner – MD and CEO
Stephen Wells – CFO
Conference Call Participants
Mark Fichera – Foster Stockbroking
Andrew Harrington – Petra Capital
Operator
Thank you for standing by and welcome to the Syrah Resources’ Q1 Quarterly Report Update. All participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session. [Operator Instructions]
I would now like to hand the conference over to Shaun Verner, Managing Director and CEO. Please go ahead.
Shaun Verner
Thank you and thanks for joining the call. With me this morning, I have Stephen Wells, our Chief Financial Officer; and Viren Hira, our GM of Business Development and Investor Relations. And as always, we will reference some of the slides released along with the report on today’s call.
First quarter of 2025 saw enormous uncertainty in electric vehicle battery and anode material markets with the U.S. and Chinese government policy announcements and particularly tariff implementation seeing changes to industry participant strategies and financial positions.
Chinese dominance of sales growth, supply chain development, and EV penetration extended further during the quarter, whilst the U.S. drove clear policy intent towards critical minerals independence and leveling the playing field for U.S. manufacturers.
Measures being taken by both EV and lithium-ion battery manufacturers and governments outside China are having major implications for the evolution of the industry.
Whilst the global market for EVs and their input cell and process material components are being buffeted by a series of high-impact policy decisions and demand changes, there is major opportunity for Syrah with available operating capacity in both ex-China natural graphite feedstock and U.S. anode material production.
Given increasing urgency for ex-China risk diversification, getting Balama and Vidalia to commercial
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