SYR News: Syrah Resources gets $107 mln U.S. loan for Louisiana EV battery plant - 19th Apr 2022, 6:30am

[annb0t]

By Ernest Scheyder

April 18 (Reuters) - The U.S. Department of Energy is lending $107 million to graphite miner Syrah Resources Ltd to build an electric vehicle battery parts facility in Louisiana, the first loan in more than 10 years from the department's Advanced Technology Vehicles Manufacturing (ATVM) funding program.

President Joe Biden has set aggressive targets for half of all vehicles sold in the United States to be electric-powered by 2030, a goal that will require more domestic proce...

>>> Read more: Syrah Resources gets $107 mln U.S. loan for Louisiana EV battery plant

 

[Garpal Gumnut]

By Ernest Scheyder

April 18 (Reuters) - The U.S. Department of Energy is lending $107 million to graphite miner Syrah Resources Ltd to build an electric vehicle battery parts facility in Louisiana, the first loan in more than 10 years from the department's Advanced Technology Vehicles Manufacturing (ATVM) funding program.

President Joe Biden has set aggressive targets for half of all vehicles sold in the United States to be electric-powered by 2030, a goal that will require more domestic proce...

>>> Read more: Syrah Resources gets $107 mln U.S. loan for Louisiana EV battery plant

That announcement has certainly had a good reaction from the market today @annb0t

Will SYR advance beyond $1.80 or retrace to fill the gap?



It seems a little overbought atm. Then again if few are looking at graphite ...

gg