China restricts export of graphite products required for EV batteries
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China's commerce ministry has announced that starting December 1, export permits will be needed for specific graphite products to safeguard national security. As the world's top producer of graphite, China plays a vital role in the electric vehicle (EV) battery industry. In fact, the country supplies 67% of the world's natural graphite and refines over 90% of it into material used in almost all EV battery anodes, according to the US Geological Survey.