US comes for Chinese battery materials: The US Commerce Department is expected to impose anti-subsidy duties on battery components sourced from China after reaching a determination that the imports are being unfairly by the Chinese government, Bloomberg reports. The department says Chinese producers are reaping benefits from subsidies of up to 721%.
In numbers: The US relies on China for 59% of its natural graphite imports and 68% of its artificial graphite — both essential components for battery production, Bloomberg wrote, citing Capstone LLC data.
What’s next? This is the first step in a department probe into supplies of active anode material, while an investigation into alleged unfair pricing is underway. Final decisions are expected later this year.