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Syrah Resources shares tumble after major US tariff hit
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Syrah Resources shares tumble after major US tariff hit
Shares in Australian graphite producers have fallen on Friday after the US International Trade Commission (ITC) disallowed major tariffs on products out of China, reversing a previous determination. Shares in Syrah Resources Ltd (ASX: SYR) and Novonix Ltd (ASX: NVX) fell on the news on Friday, trading 22.9% and 5% lower, respectively. Early win stoked hopes Syrah Resources shares got a boost in early February after the US Department of Commerce …
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