China to Curb Graphite Exports. What It Means for Tesla and Other EV Stocks.

📆 20/10/2023 06:47:00
📰 MarketWatch

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The Chinese government is planning additional controls on exports of graphite, a key material for electric-vehicle batteries.

The Chinese government is planning additional controls on exports of graphite, in another example of U.S.-China trade tensions.

China has placed export controls on the sale of some types of graphite to foreign customers, effective from Dec. 1, the country’s Ministry of Commerce said Friday in a statement translated by Barron’s using online tools. The move comes just days after the U.S. government tightened controls on exports of advanced semiconductors to China.

Tesla and other EV manufacturers already have moved to secure supplies of graphite outside of China. Earlier this year, Tesla signed a supply deal with Magnis Energy Technologies , which produces graphite concentrate in Tanzania.

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