China's Export Restrictions on Graphite Fuel Global Tech War

1 min read
Source: CNN
China's Export Restrictions on Graphite Fuel Global Tech War
Photo: CNN
TL;DR Summary

China has announced plans to restrict exports of graphite, a crucial mineral used in the production of electric vehicle (EV) batteries, citing national security concerns. This move comes shortly after the United States imposed additional limits on semiconductor sales to Chinese firms. China, which dominates global graphite production, will require export permits for synthetic and natural flake graphite starting in December. The global demand for graphite used in EV batteries has grown significantly, and carmakers are seeking alternative sources outside of China. The export curbs are part of a broader tech war between China and the US, as China faces pressure over its commercial and trade practices.

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