Syrah shutters Balama, defaults on US loans

Mozambique unrest forces Australian company to declare force majeure at graphite mine backed by the U.S. government.

The Biden administration's bet on friendshoring graphite for electric vehicle batteries from a mine in Africa suffered a major blow with Syrah Resources Ltd.'s Dec. 12 declaration of force majeure for its Balama graphite mine in Mozambique and a notice that it will default on more t...