Latest news with #AmericanActiveAnodeMaterialProducers
Malaysian Reserve
7 hours ago
- Automotive
- Malaysian Reserve
US to impose steep anti-dumping duty on battery material from China
WASHINGTON — The United States unveiled on Thursday preliminary anti-dumping duties of 93.5 percent on imports of a key battery component from China, after looking into a petition on the matter. Final determinations regarding duties on graphite are expected in early December, according to the US Commerce Department. Its investigation came after a petition by the American Active Anode Material Producers, an ad-hoc coalition including US graphite producers, late last year. Graphite is an important raw material used in making anodes of batteries, and China is a dominant player when it comes to its processing capacity of graphite. The duty could raise temperatures in the global electric vehicle supply chain, potentially adding to costs for automakers who rely on the material for production. The products covered under the investigation includes active anode material, whether or not they are contained in finished batteries. China and the United States are now engaged in negotiations about their broader economic relationship after reaching a framework for a deal last month, stepping back from the brink of a spiraling trade war. Asked about the new graphite duties, Beijing's foreign ministry said Friday that 'the essence of China-US economic and trade cooperation is mutual benefit and win-win results'. 'It is hoped the US side will conscientiously abide by the rules of the market economy and maintain the healthy and stable development of China-US economic and trade relations,' spokesman Lin Jian said. The US Commerce Department's notice came after Washington took aim at solar imports from Southeast Asia as well earlier this year. Since returning to the White House in January, President Donald Trump has also separately targeted sector-specific imports with tariffs, including 50 percent duties on imported steel and aluminum, alongside other levies on autos. — AFP
News24
8 hours ago
- Automotive
- News24
US to impose steep anti-dumping duty on battery material from China
The United States unveiled on Thursday preliminary anti-dumping duties of 93.5% on imports of a key battery component from China, after looking into a petition on the matter. Final determinations regarding duties on graphite are expected in early December, according to the US Commerce Department. Its investigation came after a petition by the American Active Anode Material Producers, an ad-hoc coalition including US graphite producers, late last year. Graphite is an important raw material used in making anodes of batteries, and China is a dominant player when it comes to its processing capacity of graphite. The duty could raise temperatures in the global electric vehicle supply chain, potentially adding to costs for automakers who rely on the material for production. The products covered under the investigation includes active anode material, whether or not they are contained in finished batteries. READ | Trump's tariffs put 100 000 jobs at risk in SA, Kganyago says China and the United States are now engaged in negotiations about their broader economic relationship after reaching a framework for a deal last month, stepping back from the brink of a spiraling trade war. Asked about the new graphite duties, Beijing's foreign ministry said Friday that "the essence of China-US economic and trade cooperation is mutual benefit and win-win results". "It is hoped the US side will conscientiously abide by the rules of the market economy and maintain the healthy and stable development of China-US economic and trade relations," spokesman Lin Jian said. The US Commerce Department's notice came after Washington took aim at solar imports from Southeast Asia as well earlier this year. Since returning to the White House in January, President Donald Trump has also separately targeted sector-specific imports with tariffs, including 50% duties on imported steel and aluminum, alongside other levies on autos.
Mint
14 hours ago
- Business
- Mint
US Set to Impose 93.5% Duty on China Battery Material
The US Commerce Department imposed preliminary anti-dumping duties of 93.5% on Chinese imports of graphite, a key battery component, after concluding the materials had been unfairly subsidized. A trade association representing US graphite producers in December filed petitions with two federal agencies, asking for investigations into whether Chinese companies were violating anti-dumping laws. The new duties will add to existing rates making the effective tariff 160%, according to the American Active Anode Material Producers, the trade group that filed the complaint. The anti-dumping duty on graphite is set to increase tensions along the global electric-vehicle supply chain that's already facing Beijing's export controls of some critical minerals and battery technology. Battery supplier shares slipped while North American graphite producers soared. 'Commerce's determination proves that China is selling AAM at less than fair value into the domestic market,' Erik Olson, a spokesperson for the anode producers trade group, said in a statement. The tariff would be a blow to battery manufacturers, said Sam Adham, head of battery materials at consultancy CRU Group. A 160% tariff equates to $7 per kilowatt-hour added cost to an average EV battery cell, or one fifth of the battery manufacturing tax credits that originated in the Inflation Reduction Act and survived President Trump's budget bill, he said. 'That basically wipes out profits for one or two entire quarters for the Korean battery makers,' Adham said. Tesla Inc. and its key battery supplier, Japan's Panasonic Inc., were among companies pushing to block the new tariffs, arguing that they rely on Chinese graphite imports because the domestic industry hasn't developed enough to meet the quality standards and volume that the carmaker requires. Tesla shares fell as much as 0.7% Thursday. Graphite is a key raw material used to make anodes of the batteries, and nearly 180,000 metric tons of graphite products were imported into the US last year, with about two-thirds of these deliveries coming from China, according to BloombergNEF. China dominates the processing capacity of graphite, with the International Energy Agency calling the material one of the most exposed to potential supply risks and 'requiring urgent efforts for diversification,' according to a report in May. Graphite is expected to remain the most common anode material for all types of lithium-ion batteries in the medium term, according to the IEA, with silicon only expected to begin eating into its market share from 2030. The Commerce Department issued the preliminary determination affirming the anti-dumping duties in a document Thursday, and said the final determination should be announced by Dec. 5. The tariff ruling 'provides the policy clarity and market signals needed to accelerate domestic graphite production,' said Jon Jacobs, chief commercial officer at Westwater Resources Inc., which is building a graphite plant in Alabama. Westwater, which has agreements with Jeep-owner Stellantis NV and South Korea's SK On Co., will have 12,500 metric tons of production capacity when its first phase comes online next year, with plans to expand capacity to 50,000 tons annually by 2028, Jacobs said. Westwater rose 15% on Thursday. Canadian graphite firms Nouveau Monde Graphite Inc. and Northern Graphite Corp. also surged on the tariff news. The anti-dumping rate determination 'could impact the cost structure for battery suppliers' like Fluence Energy Inc. and Enphase Energy Inc., analysts at Roth Capital Partners said in a note Wednesday. Fluence shares closed lower by 0.4% while Enphase dropped 0.7%. Additional duties on batteries will add to pressures facing the renewable industry. While energy storage retained key tax incentives in President Donald Trump's budget bill, Treasury Department rules restricting the use of Chinese cells complicates compliance for many developers. Supply chain risks and costs will slow the pace of storage growth on the US grid, according to Wood Mackenzie. With assistance from Ted Mann and Doug Alexander.
The Sun
18 hours ago
- Automotive
- The Sun
US to impose 93.5% anti-dumping duty on China battery material
WASHINGTON: The United States has announced preliminary anti-dumping duties of 93.5 percent on imports of graphite, a crucial battery component, from China. The decision follows an investigation prompted by a petition from the American Active Anode Material Producers, a coalition of US graphite manufacturers. The US Commerce Department stated that final determinations on the duties will be made by early December. Graphite is a vital raw material for battery anodes, with China dominating global processing capacity. The move could escalate tensions in the electric vehicle supply chain, increasing costs for automakers reliant on Chinese graphite. The investigation covers active anode material, whether imported as standalone products or within finished batteries. This latest trade action follows earlier US measures targeting solar imports from Southeast Asia. Since President Donald Trump resumed office in January, his administration has imposed multiple tariffs, including 50 percent duties on steel and aluminum imports, alongside additional levies on automobiles. - AFP
Yahoo
21 hours ago
- Business
- Yahoo
US to impose 93.5% duty on graphite imports from China
-- The US Commerce Department has imposed preliminary anti-dumping duties of 93.5% on Chinese imports of graphite, a key battery component, after determining the materials were unfairly subsidized. The decision follows petitions filed in December by a trade association representing US graphite producers, which requested investigations into whether Chinese companies were violating anti-dumping laws. According to American Active Anode Material Producers, the trade group that filed the complaint, these new duties will be added to existing rates, making the effective tariff 160%. The Commerce Department issued its preliminary determination on Thursday, affirming the anti-dumping duties. A final ruling on the matter is expected to be announced by December 5. Related articles US to impose 93.5% duty on graphite imports from China Risks Rising? Smart Money Dodged 46%+ Drawdowns on These High-Flying Names After soaring 149%, this stock is back in our AI's favor - & already +25% in July
