(Bloomberg) -- China strengthened export controls on some categories of graphite, a key material in electric vehicle batteries, in a move that would...
-- China strengthened export controls on some categories of graphite, a key material in electric vehicle batteries, in a move that would “safeguard national security and interests.”Where Does Israel Get Its 220,000 Barrels of Oil Every Day?Some types of graphite deemed highly sensitive will be subject to so-called “dual-use item” export controls from Dec. 1, the Ministry of Commerce said in a statement on Friday. Dual-use refers to applications that include the military.
Graphite is an essential ingredient in EV battery anodes, a terminal inside a rechargeable cell. Battery makers can either use natural graphite extracted from mines to make anodes, or a synthetic material that’s typically more expensive but lasts longer, charges faster and improves safety. China is a major source of the raw material, and also accounts for about 60% of natural graphite production capacity and 90% for the synthetic variety.
In August, China began restricting exports of gallium and germanium, two metals that are crucial for parts of the semiconductor, telecommunications and electric-vehicle industries. Exports resumed the following month.Sell TSMC, Buy ASML Gains Traction as China-Taiwan Risks Grow
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