Restriction on exports of graphite products from China
Faced with difficulties in mastering global production, China announced that it will request an export permit for some graphite products to protect national security, within the framework of a measure to control the supply of critical minerals.
China, the world’s largest producer and exporter of graphite, also refines more than 90 percent of the world’s graphite into the material used in almost all electric vehicle battery anodes.
China’s Ministry of Commerce explained that the move to apply for an export permit “aims to ensure the security and stability of the global supply chain and industrial chain and better protect national security and interests.”
According to data from Chinese customs, Japan, the US, India and South Korea are among the countries that receive the most graphite from China, although the Ministry also announced that it is not directed to any specific country.
Under the new restrictions, China will require exporters starting December 1 to apply for permits to ship two types of graphite, including high-purity, high-hardness, high-density synthetic graphite material and natural flake graphite and their products. . (REUTERS)
Source: Sozcu
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