China Restricts Export Of Graphite

China has announced that it will require export permits for certain graphite products to safeguard national security.

China is the world's leading producer and exporter of graphite and it refines over 90% of the world's graphite into the material used in almost all EV (Electric Vehicle) battery anodes, the negatively charged components of a battery.

This decision is the latest step taken by China to control the supply of critical minerals in response to challenges regarding its global manufacturing dominance, as reported by Siyi Liu and Dominique Patton for Reuters.

China is the world's leading producer and exporter of graphite. Moreover, it refines over 90% of the world's graphite into the material used in almost all EV (Electric Vehicle) battery anodes, the negatively charged components of a battery.

"This bold and unexpected move by China in the graphite industry has caught us off guard, arriving much earlier than anyone could have anticipated," stated Kien Huynh, Chief Commercial Officer at Alkemy Capital Investments, an entity primarily focused on developing projects in the energy transition metals sector.

"At the moment, both China and Western countries are engaged in a tit-for-tat, underscoring how protectionist measures often lead to a chain reaction. Newton's third law, which states that every action results in a reaction, applies here as well," remarked Stefan Legge, Head of Tax and Trade Policy Research at the University of St. Gallen in Switzerland, as reported by Juliana Liu for CNN Business.

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