Market Chatter: US Plans 93.5% Tariff on Chinese Graphite
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The US Commerce Department plans to impose preliminary anti-dumping duties of 93.5% on Chinese graphite, raising the effective tariff to 160%. This will add $7 per kilowatt-hour to the cost of an average EV battery cell. Tesla and Panasonic have lobbied against these tariffs, citing reliance on Chinese graphite due to underdeveloped domestic production. Key Chinese producers include Shanghai Putailai, Fangda Carbon, and Shenzhen XFH Technology.
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