Syrah Sources Restricted (OTCPK:SYAAF) Q3 2024 Earnings Convention Name October 29, 2024 8:00 PM ET
Firm Contributors
Shaun Verner – Managing Director & CEO
Stephen Wells – CFO
Convention Name Contributors
Mark Fichera – Foster Stockbroking
Andrew Harrington – Petra Capital
Operator
Thanks for standing by, and welcome to the Syrah Sources Q3 Quarterly Report Replace. All members are in a listen-only mode. There shall be a presentation adopted by a question-and-answer session. [Operator Instructions]
I might now like handy the convention over to Mr. Shaun Verner, Managing Director and CEO. Please go forward.
Shaun Verner
Thanks for becoming a member of the decision. With me this morning are Stephen Wells, our Chief Monetary Officer; and Viren Hira, our Basic Supervisor of Enterprise Improvement and Investor Relations. We’ll reference among the slides launched together with the report on in the present day’s name.
The third quarter of 2024 noticed each persevering with EV trade progress and vital uncertainties evidenced within the international lithium-ion battery, lively anode materials and graphite markets with Chinese language dominance of gross sales progress and EV penetration, however diversified progress charges in different markets.
China’s dominant place in lithium-ion battery and anode manufacturing continues to increase. The worldwide markets for these completed items and enter supplies are within the midst of a collection of high-impact coverage selections throughout China, the U.S. and Europe specifically, in addition to different rising jurisdictions. And lots of of those coverage selections doubtlessly have binary outcomes.
In mild of this volatility and regardless of our difficult working and money circulate place, Syrah’s technique is to make sure manufacturing readiness and improvement progress past others within the ex-China built-in pure graphite anode materials and enter feedstock manufacturing. However this technique should be supported by value minimization and money preservation, defending the asset base and making certain we’re set to reap the benefits of market and
