Syrah Resources Limited (SYR) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Cyber Resources Q1 quarterly report update. All participants are in a listen-only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Sean Verner, Managing Director and CEO. Please go ahead. Thank you, and thanks for joining the call with me this morning. I have Stephen Wells, our Chief Financial Officer, and Viren Heera, our GM of Business Development and Investor Relations. And as always, we'll reference some of the slides released along with the report on today's call. First quarter of 2025 saw enormous uncertainty in electric vehicle, battery, and anode material markets, with the US and Chinese government policy announcements and particularly tariff implementation seeing changes to industry participant strategies and financial positions. Chinese dominance of sales growth, supply chain development and EV penetration extended further during the quarter, whilst the US drove clear policy intent towards critical minerals independence and levelling the playing field for US manufacturers. Measures being taken by both EV and lithium-ion battery manufacturers and governments outside China are having major implications for the evolution of the industry. Whilst the global market for EVs and their input cell and processed material components are being buffeted by a series of high-impact policy decisions and demand changes, there is major opportunity for Syrah with available operating capacity in both ex-China natural graphite feedstock and US anode material productions. Given increasing urgency for ex-China risk diversification, getting Bal...