China Tightens Grip on Graphite Exports, Fueling Global Concerns

China has announced that it will require export permits for certain graphite products, which are crucial for the production of electric vehicle batteries, in order to protect national security. China is the world's largest producer of graphite, accounting for two-thirds of global supply. This move is part of China's broader strategy to curb the export of critical minerals. The demand for graphite in the electric vehicle sector has surged, with each vehicle using 50-100 kg of graphite in its battery pack. China's export restrictions on minerals have also affected other high-tech microchips, such as gallium and germanium.