US raises tariffs on Chinese battery graphite to 220 %

GreenRoc Strategic Materials has received a letter from the Export and Investment Fund of Denmark (EIFO) about possible funding for its Amitsoq graphite project in southern Greenland. EIFO supports projects by guaranteeing bank loans. If approved, the funds will help GreenRoc purchase equipment and services from Danish companies like FLSmidth,… Read ⇢

The norwegian battery anode producer Vianode has finalized a long-term agreement to supply synthetic anode graphite to General Motors until 2033. This deal, worth several billion US dollars, will support GM’s electric vehicle and battery initiatives in North America. The graphite will be produced at Vianode’s planned large-scale plant, which… Read ⇢

Graphite is a key ingredient in lithium-ion batteries, making the development of the European EV market important to watch. A recent article in Chinese business journal Caixin sheds light on growing caution among Chinese battery manufacturers regarding Europe’s market. The financial difficulties of Northvolt, a flagship European battery project intended… Read ⇢

NATO has identified 12 raw materials essential for its defence industry. These materials are needed for making advanced systems like military aircraft, tanks, and submarines. The list includes aluminium, cobalt, graphite, and rare earth elements, among others. Graphite is crucial for manufacturing main battle tanks and corvettes. Its high strength… Read ⇢

Putailai announced plans to cancel its $1.5 billion integrated lithium-ion anode material production site project in Sweden. Anode material, primarily composed of graphite, is a critical component in lithium-ion batteries and is extensively used in electric vehicles and renewable energy storage systems. This decision follows a notification from Sweden’s Inspectorate… Read ⇢

GreenRoc Strategic Materials and Morrow Batteries have agreed to collaborate on producing graphite active anode material (AAM) for batteries. They signed a non-binding memorandum to create a Nordic battery value chain, with GreenRoc supplying graphite from its Amitsoq mine in Greenland to Morrow’s factory in Norway. The project includes GreenRoc… Read ⇢

China has tightened its graphite export rules to the U.S., adding to ongoing trade tensions between the two countries. The move follows U.S. trade restrictions on 140 Chinese companies, which the U.S. government described as threats to national security. China’s response also includes limits on other critical minerals like gallium… Read ⇢

The European Bank for Reconstruction and Development (EBRD) has invested AUD 2.64 million (EUR 1.64 million) in Sarytogan Graphite, an Australian-listed company focused on developing a graphite project in Kazakhstan. This investment was made at 16 cents per share, double the market price of 8 cents at the time, marking… Read ⇢

Graphite producers outside China have reacted carefully to Trump’s re-election, recognizing that his trade policies could either support or challenge their industry. Trump’s history of placing tariffs on Chinese imports raises concerns, particularly since China is a key supplier of graphite used in electric vehicles and batteries. In his last… Read ⇢