Syrah Resources Ltd (SYAAF)

[TradingCharts]

Is this beaten down battery stock the next Lynas?
Syrah Resources will this year become the biggest producer of a battery grade critical mineral outside China, but its shares don’t reflect that optimism.

“It is fair to say the planets have not yet aligned,” says Syrah Resources managing director Shaun Verner, when asked to reflect on his 6½ years in charge of the biggest and most vertically integrated graphite producer outside China.

The battery minerals boom is now mature enough for lithium miners to be reporting billion-dollar profits, but for graphite producers like Syrah, the glory days are yet to arrive, despite the fact battery makers are consuming graphite as rapidly as lithium.

https://www.afr.com/companies/mining/is-this-beaten-down-battery-stock-the-next-lynas-20230526-p5dbhr