The Ministry of Commerce’s latest response to the temporary control measures for graphite items

The Ministry of Commerce’s latest response to the temporary control measures for graphite items, the Korean government held a graphite supply chain inspection meeting

Shu Jueting, spokesperson of the Ministry of Commerce, said at a regular press conference of the Ministry of Commerce on the 30th that recently, in accordance with the provisions of the Export Control Law of the People's Republic of China, the Chinese government has extensively solicited opinions from relevant enterprises and industries to regulate graphite items. The temporary control measures have been comprehensively evaluated, and decisions have been made to optimize and adjust the import and export, which reflects the control concept of coordinated development and safety. It is not targeted at any specific country or region, and exports that comply with relevant regulations will be licensed. The graphite export control policy will be officially implemented on December 1, and no applications have been received from companies yet.

Shu Jueting introduced that it is a common international practice to implement export controls on specific graphite items. In order to fulfill its international non-proliferation obligations and safeguard national security and interests, China has implemented temporary export controls on graphite-related products since 2006, including related graphite products used as battery anode materials. In order to better coordinate development and safety, the Chinese government has recently optimized and adjusted the temporary export control measures in accordance with the law, with some adjustments and improvements, including the cancellation of temporary controls on some low-sensitive graphite items. During the policy formulation process, the opinions of relevant industries and enterprises were widely listened to. China will always be committed to maintaining the security and stability of global industrial and supply chains.

South Korea held a joint private-government graphite supply chain inspection meeting on November 30, and agreed to maintain close cooperation to ensure the stability of domestic graphite supply and demand. On the same day, the Ministry of Industry, Strategy and Finance, the Ministry of Foreign Affairs and other government departments, as well as relevant personnel from the three major domestic battery manufacturers, POSCO Future M, a battery material production subsidiary of POSCO, attended the meeting. All parties discussed ensuring domestic Graphite chain stabilization schemes are discussed.