The Syrah (ASX:SYR) share price is up 8% today. Here’s why

The Syrah Resources Ltd (ASX: SYR) share price is surging higher today after the company released its December quarterly report and presentation.

Shares in the miner are currently trading 7.9% higher, reaching a price of $1.30 at the time of writing.

Syrah is an Australia-based industrial minerals and technology company. Its two facilities include the Balama graphite project in Mozambique, which has suspended production since March 2020 due to impacts from the  COVID-19 pandemic on travel and workforce. The other, which is not yet operational, is the Vidalia facility in Indiana, the United States.

Why is the Syrah share price rising?

A number of points in the quarterly report may be contributing to the Syrah share price rise…