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Benzinga
Benzinga
World
Navdeep Yadav

Tesla Graphite Supplier From Australia Bags $107M In Loans From Biden Administration

Australia-headquartered graphite miner Syrah Resources (OTC:SYAAF) has bagged $107 million in loans from the U.S. Department of Energy to expand its electric vehicle battery parts plant in Louisiana.

Shares of the company, which is a supplier to Tesla Inc (NASDAQ:TSLA), spiked more than 15% on the Australian Stock Exchange on Tuesday following the news.

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