Syrah (ASX:SYR) share price dips lower despite positive update

The Syrah Resources Ltd (ASX: SYR) share price is edging lower this morning. This comes despite the company providing a positive update regarding its production of graphite.

At the time of writing, the graphite producer’s shares are swapping hands for $1.145, down 1.29%.

What did Syrah announce?

Investors are selling off their positions in the Syrah share price regardless of the company’s release to the ASX market.

In its announcement, Syrah advised that it has installed a furnace at its Active Anode Material Project in Vidalia, the United States. This will allow the company to produce active anode material (AAM) using natural graphite…