Battery Metals Africa’s Post

Beginning in 2026, the U.S. will raise tariffs on natural flake graphite imports from China. Presently, the U.S. has no domestic graphite production and imports 100% of its needs. The U.S. is calculating it will have onshored production by the time the tariffs kick in. On average, the U.S. paid $2,222.00 per ton of natural flake graphite in 2023. Graphite imported from China averaged $3,886.00 per ton, by far the most expensive. However, future U.S. producers will have to show they can deliver graphite at competitive prices which is far from certain. https://lnkd.in/gTZezSSa

The Biden administration announced a near-unprecedented 100 percent tariff on Chinese-made electric vehicles, a move the White House said would protect the American industry from “unfairly priced Chinese imports.” Previously, tariffs on Chinese EVs sat at 25 percent. Electric vehicle batteries and battery components will also be subject to new tariffs—Chinese lithium-ion battery tariffs rise from 7.5 percent to 25 percent, and rates for Chinese critical minerals, including manganese and cobalt, will move from 0 percent to 25 percent. https://lnkd.in/dJBpuvVZ

US graphite producers want a whopping 920% tariff applied to imports of the mineral from China. That would hurt Tesla & other EV/battery makers who have lobbied against tariffs on Chinese graphite. Via Bloomberg News and the North American Graphite Alliance.

President #Biden is imposing higher tariffs on $18 billion worth of Chinese imports covering a wide range of products including #EVs, #batteries, semiconductors, steel, aluminum, critical minerals, #solar cells, cranes, and medical supplies. The tariff hikes, set to take effect in around 90 days, aim to counter #China's non-market practices, excessive subsidies, and potential overcapacity in these key industrial sectors. Tariffs on some products like EVs and semiconductors could triple or even quadruple, while new 25-50% duties will be applied to items previously imported duty-free such as certain minerals. The move signals heightened trade tensions with China over its economic and industrial policies.

US graphite producers are seeking tariffs of up to 920% on Chinese graphite imports, aiming to curb state-subsidised competition. As a future Australian graphite supplier, IG6 is positioned to benefit from this potential market shift, with global manufacturers increasingly looking for secure, non-China-based sources. Why It Matters: 🔋Cost Impact: Graphite accounts for 10% of EV battery costs. A 900% price hike could double battery prices. 🔋Supply Chain Shift: The US currently imports most graphite from China, making new suppliers essential. With growing EV demand, stable and sustainable graphite supplies are more critical than ever. #IG6 #Graphite #EVBatteries #SupplyChain #USChinaTrade #CriticalMinerals #InternationalGraphite

On May, 15th, 🇺🇸 President Biden instructed his trade representative to increase tariffs on $18 billion worth of imported goods from China under Section 301 of the Trade Act of 1974, aiming to protect American workers and businesses. 📢 The "Invest in America" agenda of the Biden-Harris administration has spurred over $860 billion in commercial investments through public incentives in future industries such as electric vehicles (EVs), clean energy, and semiconductors. 📈 The tariffs will commence gradually from the year 2024 to 2026, covering the following sectors. 🚗 Electric Vehicles (EVs) Tariffs on electric vehicles under Section 301 will increase from 25% to 100% in 2024. China's electric vehicle exports grew by 70% from 2022 to 2023 due to widespread subsidies and non-market practices causing significant risks of overcapacity. 🔋 Batteries, Battery Components, and Critical Minerals In 2024, tariffs on lithium-ion batteries for electric vehicles will rise from 7.5% to 25%, and by 2026, tariffs on non-electric vehicle lithium-ion batteries will also increase from 7.5% to 25%. Tariffs on battery components will rise from 7.5% to 25% by 2024. In 2026, tariffs on natural graphite and permanent magnets will increase from zero to 25%. Additionally, tariffs on certain other critical minerals will rise from zero to 25% by 2024. 🇨🇳 While onshore production in the U.S. has seen rapid progress recently, China currently still controls over 80% of certain segments of the electric vehicle battery supply chain, especially upstream nodes like critical mineral extraction, processing, and refining. This policy is hoped to foster a new supply chain in the U.S. with nearly $20 Billion in grants and loans issued already. #Batterynews #BYD #TESLA #CATL #Tradewar #Trarrifs

BREAKING: US graphite producers are pushing for tariffs of up to 920% on Chinese imports. With China controlling 92% of battery-grade graphite, this move could reshape the EV battery industry and accelerate domestic production efforts. https://lnkd.in/e2mbjg6f

The Biden administration announced new tariff increases on Chinese imports, targeting critical solar energy components and strategic products. Solar wafers and polysilicon will now face a 50% tariff rate, while tungsten products will be subject to a 25% tariff starting January 1, 2025. These tariff hikes build on previous increases from September, which included 100% tariffs on electric vehicles and 50% tariffs on semiconductors. The move aims to counter China's trade practices and support domestic manufacturing, with U.S. Trade Representative Katherine Tai emphasizing the goal of promoting a clean energy economy and strengthening critical supply chains. https://lnkd.in/gaHKZ7zq

The #UnitedStates is hiking tariffs on $18 billion worth of imports from #China, targeting strategic sectors like electric vehicles, batteries, steel and critical minerals, the White House said on Tuesday, May 14. The tariff rate on EVs is set to quadruple to 100% this year while the one for semiconductors will surge from 25% to 50% by next year, said the White House. Beyond EVs and semiconductors, Washington is roughly tripling tariffs on some steel and aluminum products, and on lithium-ion EV batteries and battery parts. The tariff rate on natural graphite and some other critical minerals will surge from 0% to 25%, and that on solar cells doubles as well from 25% to 50%. Beijing's foreign ministry said it "opposes unilateral tariff hikes in violation of WTO rules" when asked about reports of the new measures. China "will take all necessary measures to safeguard its legitimate rights and interests", spokesperson Wang Wenbin said on Tuesday. #GlobalRivalry #TechWar #TradeWar #EconomicWar #Geopolitics #Diplomacy #Geostrategy #CorporateStrategy #Strategy #Politics #WorldPolitics #ForeignRelations #ForeignAffairs #ForeignPolicy #TradePolicy #EconomicPolicy #IndustrialPolicy #AutoIndustry #Automotive #ElectricVehicles https://lnkd.in/g3B8yUxV

Biden Administration imposes sweeping tariff increases on Chinese imports in effort to address unfair trade practices while advancing U.S. clean energy economy Tariffs on Chinese electric vehicles, batteries, and solar cells will increase significantly as President Biden asserts China has flooded global markets with artificially low-priced exports to the detriment of the American worker and economy. President Joe Biden has taken action to substantially increase tariffs imposed on a wide range of Chinese products across various strategic sectors, including those that directly impact the clean energy economy. The higher tariffs will impact the prices of electric vehicles, batteries, critical minerals, and solar cells. Higher tariffs will also extend steel and aluminum, ship-to-shore cranes, and medical products. As justification for the move, the Biden Administration points to China’s unfair trade practices concerning technology transfer, intellectual property, and innovation that are threatening American businesses and workers. Further explanation for the administration’s course of action and the specific tariff increases are set forth in a fact sheet issued by the White House titled President Biden Takes Action to Protect American Workers and Businesses from China’s Unfair Trade Practices. This story can be read in its entirety on the Wolters Kluwer Vital Law site (no paywall) at https://lnkd.in/dTGqQNEx. As reported by Brad Rosen. #Tariffs #ChineseImports  #UnfairTradePractices #EVs #CriticalMinerals #CleanEnergyEconomy