Syrah estimates $539 million in costs for Louisiana plant expansion

Australia’s Syrah Resources Ltd said on Thursday it expects $539 million in total installed capital cost to expand a Louisiana-based facility that produces graphite-based active anode material, a key component for lithium-ion batteries.

The development follows the completion of a definitive feasibility study of Vidalia Further Expansion project, which confirmed that the expansion was technically viable and is expected to generate significant value for Syrah’s shareholders, the company said.

(By Savyata Mishra)