Syrah Resources, a graphite miner in Mozambique, informed shareholders that delays in the container shipping market had forced the company to postpone the sale of about 12 000 t of natural graphite from its Balama plant until early October.
Natural graphite sales in the September quarter were planned to be around 29 000 t prior to the schedule delay, but are now estimated to be around 17 000 t, according to the business.
The weighted average sales price for the September quarter is expected to be higher than the June quarter.
Syrah is expecting container shipping constraints impacting its sales and operations to ease through the December quarter, with additional vessel capacity and container equipment for East Africa being added.
The company said on Friday that it continued to work closely with its shipping service providers to urgently secure increased container shipping capacity and meet strong customer orders for the December quarter.
“Syrah is experiencing strong demand and forward contracting for Balama products, with the company’s sales order book currently underpinning 45 000 t of natural graphite sales in the December quarter, with additional spot sales demand evident,” the miner said in a statement.
