Factbox-China curbs graphite exports in latest critical minerals squeeze

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Factbox-China curbs graphite exports in latest critical minerals squeeze
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Masstown farmer launches pumpkins over a kilometre for charity | SaltWireSINGAPORE - China announced on Friday that it will require export permits for certain graphite products to protect national security, its latest move to curb shipments of minerals that are critical to the energy transition.

Graphite has until recently mainly been used in the steel industry, but demand from the EV sector is surging. Graphite is the largest EV battery component by weight, with each vehicle on average using 50-100 kg of the material in its battery pack for the anodes, the battery's negative electrodes. That's about double the amount of lithium in an EV battery.China is the world's top graphite producer, providing 67% of global supplies of the natural form, according to the USGS.

China also refines more than 90% of the world's graphite into material used in virtually all EV battery anodes.

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