Chinese graphite export controls could boost other producers
Graphite producers outside of China have been having an easier time raising money after China announced controls on the critical battery material that will come into effect Dec. 1, industry participants told S&P Global Commodity Insights.
The Chinese Ministry of Commerce said Oct. 20 that it would require export permits starting Dec. 1 for forms of natural and synthetic graphite, which is used in the electric vehicle sector and in military applications, among others.
The measures sent shockwaves through the battery industry as China’s dominance over the supply chain of graphite, the largest component of a lithium-ion battery by weight, means battery-cell producers will be dependent on approval from the Chinese government to secure anode materials.
“Now the investment community and the media is starting to focus more and more on graphite and that will drive investment interest,” said John DeMaio, CEO of midstream graphite processor Graphex Technologies LLC.
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