China strikes back with restrictions on mineral critical to Biden EV push
China announced plans on Friday to restrict exports of graphite, an essential ingredient in building batteries for electric vehicles, on national security grounds, according to the Ministry of Commerce and General Administration of Customs.
The move is a threat to President Joe Biden's goals for electrifying the U.S. car fleet.
The new rules, which are expected to be implemented in December, would require export permits for artificial graphite, including high-purity, high-strength, and high-density materials, and natural graphite. The announcement comes just days after the United States imposed additional limits on the types of...