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Story summary
- NextSource agreed to buy 34,000 to 68,000 tonnes of graphite over seven years, starting June 1, for a planned UAE anode plant.
- The deal depends on the UAE facility achieving commercial production and on customer approval for Balama-sourced graphite.
- Balama is Africa's largest graphite mine in northern Mozambique, with an annual capacity of 350,000 tonnes.
- The arrangement highlights Africa's growing role in the energy transition and potential Mozambique benefits.
