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US graphite miners ask Washington to impose 920% tariff on Chinese rivals
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US graphite miners ask Washington to impose 920% tariff on Chinese rivals
Dec 18, 2024 1:22 PM

Dec 18 (Reuters) - North American graphite miners asked

the U.S. government on Wednesday to impose a tariff as high as

920% on Chinese suppliers of the battery metal in order to

counter what they describe as Beijing's "malicious trade

practices."

The move is the latest attempt by Western critical minerals

suppliers to offset China's widespread control of the world's

extraction and processing of the building blocks for electric

vehicles and electronics.

Graphite, the largest component by volume in an EV battery,

can be synthetically produced or processed from naturally

occurring sources. China is the largest producer of both types

and earlier this month tightened exports of the metal to the

U.S.

The American Active Anode Material Producers, a group of

U.S. and Canadian graphite producers, asked the U.S. Department

of Commerce and the U.S. International Trade Commission (ITC) to

"investigate whether China is exporting natural and synthetic

graphite ... at unfair prices to the United States" and to

impose the tariff rate.

Chinese rivals operate at labor and environmental standards

that allow them to rapidly boost production, the group said.

An existing U.S. tariff of 25% on most Chinese graphite is

"far too low" and can be absorbed easily by Chinese rivals, the

group wrote to U.S. officials.

The Commerce Department and the ITC did not immediately

respond to an inquiry seeking comment.

President-elect Donald Trump has threatened to impose

tariffs on Chinese products broadly. Trump's advisers have also

encouraged him to impose tariffs on all foreign critical

minerals, including those tied to Beijing.

Not all U.S. critical minerals companies support tariffs.

Jervois Global ( JRVMF ), which had to close the only U.S. cobalt

mine before it even opened due to Chinese competition, told

Reuters last week it would prefer manufacturers be required to

buy Western metals instead of blanket tariffs.

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