The Chinese government has said it will require export permits for some graphite products, prompting supply chain concerns.
Chinese customs authorities announced the measures on Friday (20 October).
Under the restrictions, exporters will need to apply for permits to ship two types of graphite, including high-purity, high-hardness and high intensity synthetic graphite material, and natural flake graphite and its products.
“This bold and unexpected move by China in graphite has taken us by surprise, arriving far sooner than anyone could have predicted,” Kien Huynh, chief commercial officer at Alkemy Capital Investments, told Reuters.
Alkemy Capital Investments plc (LON:ALK, FRA: JV2) is focussed on developing projects in the energy transition metals sector. Alkemy’s wholly-owned subsidiary Tees Valley Lithium (TVL) is developing a state of the art lithium hydroxide plant at Teesside, UK. TVL is Europe’s largest independent and sustainable lithium hydroxide producer.