- China has imposed new export restrictions on certain graphite products used in electric vehicle (EV) batteries, citing national security concerns.
- These measures coincide with increased global pressure on Chinese companies due to allegations of unfair trade practices.
- The restrictions require exporters to obtain permits for specific types of graphite, effective from December 1. These include high-purity synthetic graphite and natural flake graphite and related products.
- China emphasized that these measures are intended to safeguard national security, global supply chain stability, and industrial chain security and do not target any specific country.
- The restrictions could impact the supply of materials for EVs, with rising demand from new energy companies establishing plants overseas.
- While the immediate impact on industries remains unclear, graphite prices may increase due to supply and demand imbalances, especially considering China’s reduced natural graphite mining in recent years.