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DOE loans Syrah $102M for graphite plant

Part of Biden strategy to secure EV battery materials, jobs Metal Tech News - August 3, 2022

To bolster supplies of the lithium-ion battery materials needed for America's transition to electric vehicles, the U.S. Department of Energy's Loan Programs Office is loaning Syrah Resources Ltd. $102.1 million to expand Vidalia, a processing facility in Louisiana that upgrades mined graphite into a material needed in the lithium-ion batteries powering electric vehicles and modern electronics.



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