Australia's Syrah falls on further extending deadline on Tesla graphite supply deal
ReutersNov 17, 2025 1:22 AM
Shares of Syrah Resources SYR.AX fall as much as 3.3% to A$0.295, hitting their lowest since November 7
Stock logs largest intraday pct loss since November 12
Miner said that it has agreed with Tesla to extend the deadline for its 2021 offtake contract to supply graphite, the second time in two months, to tackle an alleged default
Tesla had issued a default notice in July
Co says deadline now pushed to January 16, 2026; adds Tesla could terminate deal if final qualification of its active anode material from its Vidalia plant in Louisiana is not achieved by February next year
Stock up 55.2% YTD, including the day's moves
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Tradingkey
Related Articles
World's Richest Man Musk: Hard to Dethrone? Tesla Stock Breaks Through Again, Just One Step Away from a New High!
TradingKey - On December 15, local time, during US stock trading, Tesla's stock price surged nearly 4.9% at one point, reaching an intraday high of $481.77. This marked the highest level in nearly a year and once again approached its historical high. Simultaneously, it also propelled CEO Elon Musk'sTradingKey
4 hours ago
$300 Billion Wiped Out: Why Broadcom’s "Flawless" Earnings Failed to Halt Wall Street’s Three-Day Slide
TradingKey - Chip giant Broadcom is experiencing its most severe market sell-off since March 2020, with shares tumbling 18% in three days after its earnings report.TradingKey
7 hours ago
U.S. November Nonfarm Payrolls: What Does the Rare "Weak Jobs, Strong Economy" Mix Mean for U.S. Equities?
TradingKey - The U.S. economy will likely maintain a divergent pattern of weak employment but robust growth in 2026...Therefore, the Fed is highly likely to scale up the magnitude of rate reductions in 2026.TradingKey
9 hours ago
Netflix Stock Analysis: Why Netflix Stock Keeps Falling, and When Should Investors Buy Netflix Stock?
While the final terms for Netflix's acquisition of WBD remain uncertain in the short term, we view the recent decline, driven by market sentiment, as a significant long-term undervalued opportunity. The return to more realistic valuations enhances the investment appeal of Netflix stock.TradingKey
Mon, Dec 15
Gold Price Steady Climb and the Sudden Surge of Silver and Copper: Will Their Bull Run Extend Into 2026?
Dow Jones Market Data shows this marks the first time since 1980all three metals—gold, silver, and copper—simultaneously refreshed their all-time highs in the same year. Will this rally extend into 2026?TradingKey
Wed, Dec 10
Tradingkey
