Syrah estimates $539 million in costs for Louisiana plant expansion

Australia’s Syrah Resources Ltd said on Thursday it expects $539 million in total installed capital cost to expand a Louisiana-based facility that produces graphite-based active anode material, a key component for lithium-ion batteries.

The development follows the completion of a definitive feasibility study of Vidalia Further Expansion project, which confirmed that the expansion was technically viable and is expected to generate significant value for Syrah’s shareholders, the company said.