China’s controls on graphite exports “a loud wakeup call” for the US, says Graphex CEO
China announced last month it will require export permits for some graphite products in another bid to control critical mineral supply in response to challenges over its global manufacturing dominance.
China is the world’s top graphite producer and exporter. It also refines more than 90% of the world’s graphite into the material that is used in virtually all EV battery anodes. Benchmark Mineral Intelligence sees demand for graphite over the next decade growing at an annual compound rate of 10.5% but supply will lag, it says, expanding at only 5.7% per year.
John DeMaio, CEO of Graphex Technologies, used the export control announcement to reiterate its mine-to-battery global gtrategy to deliver necessary anode material to meet the needs of North American automakers and battery manufacturers.
“The announcement to place controls on graphite exports is a loud wakeup call and a national security issue for the US and Canada, plain and simple, and we have been preparing for this,” DeMaio said at the time.
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