NextSource Materials Inc. said it signed a binding agreement with Syrah Resources Limited to supply natural graphite fines for its planned battery anode facility in Abu Dhabi. The company expects to source a minimum of about 34,000 tonnes and up to 68,000 tonnes in total over seven years, subject to conditions including the start of commercial production at the facility and successful qualification and approval by NextSource and its downstream offtake customer. Pricing is expected to be set quarterly using an independently reported graphite fines price index, with adjustments for grade and shipping.
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