International Graphite (ASX:IG6)’s Post

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

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.

North American Graphite Miners Push for Tariffs to Combat China’s Dominance North American graphite miners are urging the US government to impose a 25% tariff on three graphite products sourced from China, aiming to challenge Beijing’s monopoly on a crucial material essential for automobile batteries. If successful, this initiative would escalate tensions between the miners and their primary customers – the original equipment manufacturers (OEMs) – and exacerbate exist... Read more on the link below https://lnkd.in/gPAG2rs7

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

U.S. and Canadian graphite producers are making a bold push for tariffs of up to 920% on Chinese graphite imports, arguing that unfair trade practices threaten the EV battery supply chain. As China dominates 65% of global graphite production and 97% of synthetic graphite, North American firms struggle to compete, with prices significantly higher due to labor and regulatory costs. This petition is more than a trade issue; it's about national security and reducing reliance on a single source for critical minerals essential for green energy. However, while some see these tariffs as necessary for leveling the playing field, others warn of supply chain disruptions and increased costs for consumers. As we navigate this pivotal moment, will North America finally bolster its domestic production, or will the push-back from the global market shape a different outcome altogether? The race for a resilient EV supply chain has just begun.

US President Joe Biden on Tuesday announced an increase in the tariffs on USD 18 billion of imports from #China, including on #solarcells, #batteries, and #electricvehicles (#EVs). 🔹 tariff rate on solar cells - to rise from 25% to 50% in 2024 🔹 tariff rate on lithium-ion EV batteries and battery parts - from 7.5% to 25% in 2024 🔹 tariff rate on lithium-ion non-EV batteries - from 7.5% to 25% in 2026. The aim is to counter China’s unfair trade practices because of which the US sees "unacceptable risks" to its "supply chains and economic security." Read the full story below 👇 #China #US #solarcells #solarenergy

The U.S. will impose 25% tariffs on natural flake graphite imported from China starting in 2026. Presently, the U.S. has no domestic graphite industry, importing all of its graphite needs. In 2023, the U.S. imported 40% of its natural graphite from China, paying $3,886.00 per ton. The tariff will raise the average cost to $4,857.00 per ton. However, U.S. producers will have to show that they can deliver a product at competitive prices which is far from certain. https://lnkd.in/g7jzkQpP

What will this spell for "cheap" #CleanEnergy? The Biden administration has announced new tariffs which will triple duties on #EV #batteries and parts to 25%. The price of imported Chinese EVs will nearly quadruple, with a 102.5% duty imposed. Duties on #solar cells have doubled to 50% to combat China’s low-priced exports. Tariffs also target critical minerals like cobalt, manganese, and zinc, essential for battery production. The U.S. aims to protect its industries against a surge of cheap Chinese imports. The move may protect U.S. industries in the short term but could raise costs for consumers and we don’t know what the retaliatory measures from China may be, but does another trade war loom? As we know, China dominates clean energy manufacturing its global supply chain. It won’t take these measures lying down. That’s not to say the U.S. doesn’t have good reason to take steps to secure its supply chains and economic security against China’s market practices. * China’s EV exports grew by 70% between 2022 and 2023. * The cheapest Chinese EV, the Seagull, retails for as little as $12,000 - less than half the price of the cheapest American EVs. It begs the question, would alternative fuels which are domestically produced, such as #NaturalGas for #NGVs (Natural Gas Vehicles) and other alternative fuels and technologies be an alternative for cleaner transportation? What's your take? And how will this move affect other fuel industries? https://lnkd.in/dU-Eh2Yr

Starting January 1, the Biden administration will double tariffs on Chinese solar wafers and polysilicon to 50% and impose a 25% tariff on tungsten products. These critical materials are essential for solar cell manufacturing and advanced technologies. The goal? To reduce reliance on China, boost domestic manufacturing, and strengthen energy and economic security. This policy builds on a broader U.S. strategy to counter China's dominance in key sectors, including clean energy and #semiconductors (I shared many recent news related to export controls and litigations). This reflects escalating US-China tensions over trade and technology. This is a moment to rethink/tweak strategies for procurement and supply chain pros. How will these tariffs affect sourcing, costs, and supplier relationships? And what role can technology play in navigating these shifts? Check on Spend Matters, we have a series on tariffs and procurement running (see comments for link) Thoughts? #geopolitics #Cleantech #Procurement #Tariffs #SupplyChain

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