https://newsletter.mw.creamermedia.com
Building|Resources|Operations
Building|Resources|Operations
building|resources|operations

Syrah secures seven-year Balama offtake with NextSource

The Balama process plant

The Balama process plant

2nd March 2026

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Australian graphite producer Syrah Resources has signed a multi-year binding conditional offtake agreement with Canada’s NextSource Materials for the supply of natural graphite fines from its Balama operation in Mozambique.

The agreement, announced on Monday, provides for the supply of at least about 34 000 t, and up to about 68 000 t, of graphite fines over a seven-year term starting no earlier than June 1, subject to certain conditions. The product will be delivered to Abu Dhabi in the United Arab Emirates.

Syrah said in a statement that the deal reinforced the strategic importance of its Balama operations as a large-scale supplier of high-quality natural graphite outside China, particularly to the emerging ex-China anode and battery supply chain.

Pricing under the agreement will be determined quarterly as a premium to an independently reported price index for natural graphite fines, with adjustments for product grade and shipping costs. The material to be supplied is specified as -100 mesh at 94% carbon or above.

The offtake is conditional on the start of commercial production at NextSource’s proposed anode material facility in Abu Dhabi and on approvals from NextSource and its downstream customers to use Balama graphite. If the conditions are not satisfied or waived by December 31, 2026, Syrah may terminate the agreement, while NextSource has termination rights if they are not met by December 31, 2027.

Toronto-based NextSource, which owns the Molo graphite mine in Madagascar, is advancing plans for a large-scale anode material facility in Abu Dhabi to supply a Japanese downstream customer. The company has secured a property and existing building in the emirate, executed an offtake agreement with its Japanese customer and finalised term sheets for strategic funding as it moves towards a final investment decision on initial commercial capacity.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

AirNox Pty Ltd
AirNox Pty Ltd

AirNox (Pty) Ltd is a level 1 BBBEE manufacturer of complete AdBlue® solutions for operators of SCR diesel engines and AUS40 across South Africa...

VISIT SHOWROOM 
M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 27 February 2026
Magazine round up | 27 February 2026
27th February 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.092 0.414s - 123pq - 2rq
Subscribe Now