(Washington Composite) With China's key materials for electric vehicle batteries, graphite>Implement export control , western miners' ingredients accelerate the promotion of graphite mining projects to increase graphite production and meet the needs of electric vehicle manufacturers.
China is the world's largest graphite production and exporter. The artificial graphite incorporated into export control is an important raw material for lithium batteries. More than 90%of the world's power battery negative materials are produced by China.
Jacques, president of Northern Graphite, Canada, said: "China's decision is equivalent to telling Western countries that we will not help you produce electric cars, you have to find a way."
The new generation of electric vehicles is expected to be available in around 2025. During the period of the crown disease epidemic, electric vehicle manufacturers witnessed the risk of excessive relying on China as a source of supply for a single material, so they began to directly invest in graphite mining projects.However, it takes five to ten years to build a mine, and most of these graphite mining projects are still in the early stage and have not yet been put into production. Therefore, China's graphite supply status can still be maintained at least five years.
Demo, general manager of the graphene division of the new American Electric Electric Materials Company (Graphex), said: "We have contacted multiple graphite mine companies outside China.Plan. "
Graphex plans to open a graphite processing plant in Michigan, Michigan, USA, and supply at least 10,000 metric tons of graphite for auto manufacturers each year.
United States and Europe Joint Statement: Reduce key supply dependence but not decoupled or closed inward
U.S. President Biden met with the President of the European Council Michel and the Chairman of the European Commission Feng Delin at the White House on Friday (October 20).They condemned Hamas to attack Israel, vowed to continue to support Ukraine, and reiterated that it was necessary to reduce dependence on China.The last time the US and European leaders held the official summit in June 2021. At that time, the joint statement issued only one section involved China, but the Friday statement mentioned five paragraphs of China.
Statement said: "We are willing to establish a constructive and stable relationship with China, and we realize the importance of contacting China frankly and directly expressing our concerns."
Statement on several principles for maintaining sustainable economic relations with China, including the establishment of a fair competitive environment, advanced technologies that may be used to threaten global peace and security, and reduce the dependence and vulnerability of key supply.
The statement said: "We will not be decoupled or closed inward. At the same time, we realize that keeping economic toughness must be risky and diversified."
