"Korean battery-makers are bracing for a possible rise in production costs, as the US Department of Commerce prepares to announce a preliminary review of its investigation into alleged violations of antidumping regulations by Chinese graphite producers, potentially resulting in tariffs as high as 920 percent.According to industry sources on Wednesday, the US department is expected to reveal its findings as early as May 19. The investigation stems from a petition filed in December 2024 by the American Active Anode Material Producers, a group of US and Canadian graphite miners.This upcoming decision follows the US International Trade Commission’s preliminary determination in February, which found that Chinese graphite exports were disrupting the US graphite industry by being sold at artificially low prices. The finding could pave the way for the Commerce Department to raise tariffs on Chinese graphite imports from their current levels of 10 percent for natural graphite and 25 percent for synthetic graphite, according to sources.Both US agencies are expected to issue final rulings later this year on whether Chinese firms engaged in unfair pricing and whether countervailing duties are warranted."
EGR Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
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