China graphite exports – level 1

China graphite exports

26-10-2023 07:00

China will need special permission to send some graphite products to other countries. The reason is to keep its people and things safe.

This is a surprise. It seems that China wants to have control over special minerals that we use for many things. China is the biggest maker and seller of these minerals. Companies need these minerals for things like electric car batteries. China’s new rule happens while many other countries are telling Chinese companies to follow rules in their businesses. The European Union may make Chinese cars more expensive because of tariffs on electric cars from China.

Also, the US government is telling Chinese companies that they cannot use special computer parts anymore. The US President Joe Biden talks about these important rocks in Washington with EU leaders.

Difficult words: permission (an official document which allows you to do something), graphite (a soft grey mineral), tariff (a tax on a special kind of product).

You can watch the original video in the Level 3 section.

What are the implications of China's new policy and the US and EU's response for the global graphite industry?

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