Export Controls On Graphite Introduced By China

MAGNISNERGY TECHNOLOGIEMEDIA RELEASESouth Korea USA Germany OtherJapanIndia20212022
Figure 1: China natural graphite exports (kt) 22023 (Aug YTD)Japan USA South Korea Other202120212022
Figure 2: China spherical graphite exports (kt) 2JaparIndia2022 Figure 3 China natural graphite AAM exports (kt) 2

MAGNISMEDIA RELEASE China natural graphite import / (export) balance (kt) (RHS)Natural graphite fines price (USS/t)Figure 4: Natural graphite fines prices versus China natural graphite import/export balance 3Increased Interest ReceivedFollowing the announcement by MOFCOM and GACC, Magnis has received increased interest for both offtake and investment into its Nachu Graphite Project.Magnis Chairman Frank Poullas commented: “Nachu's unique graphite project is able to produce 99% concentrate via a basic flotation process. Using the Nachu concentrate we are able to produce CSPG product via mechanical-only, low temperature processes, which is remarkable.“The announcement made by MOFCOM and GACC is expected to see OEMs fast track their plans to move towards future non-Chinese flake graphite and anode supply, which Nachu is well placed to respond to.About MagnisMagnis Energy Technologies Ltd (ASX: MNS: OTCQX: MNSEF: FSE: U1)s a vertically integrated lithium-ion battery technology and materials company in the Lithium-ion battery supply chain. The company's US based subsidiary lmperium 3 NewYork，Inc “iM3NY operates a Gigawatt scalithium-ion batterv manufacturing plant in Endicott, New York. Magnis together with their US base(technology partner, C4V LLC has produced high-performance active anode materials for lithium-ion batteries utilizing Magnis’ high purity graphite feedstock from their Nachu Graphite project in Tanzania. The company's vision is to enable, support, and accelerate the mass adoption of Electric Mobility and Renewable Energy Storage critical for the green energy transition.This announcement has been authorized for release by the Board of Magnis Energy Technologies Ltd (ACN 115 111 763).3 Source: Asia Metals (Price Reporting Agency) and ICCSino.