Critical Minerals - Graphite Lobby Grasps, Congo Presses Apple

Posted 12/18/24

On Tuesday the American Anode Material Producers filed a petition calling for an anti-dumping investigation with punitive tariffs of up to 920% on Chinese graphite, acccording to news reports and an announcement from the producers' lawyers.

A ninefold increase in graphite pricing would double the cost of a US-made EV battery. While the US produces no natural graphite, synthetic material from China is subject to a 25% levy, imposed during the first Trump administration in 2018. Tesla and two Korean battery firms have been lobbying for exemptions, asserting that nascent US synthetic graphite capacity is inadequate.

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