The US Commerce Department said on Thursday that it will impose preliminary anti-dumping duties of 93.5 per cent on anode-grade graphite imported from China after concluding that the materials, which are a key component for electric vehicle batteries, are being sold in the US at less than fair market value.<\/p>\n
A Commerce Department fact sheet seen by Reuters shows a single anti-dumping margin and cash deposit rate of 93.5 per cent for all Chinese producers.<\/p>\n
The order affects imports valued at US$347.1 million in 2023, Commerce said.<\/p>\n
The duties apply to anode-grade graphite material with a graphite minimum purity content of 90 per cent carbon by weight, and can be synthetic graphite, natural graphite or a blend of the two.<\/p>\n
A separate but parallel anti-subsidy investigation into Chinese anode grade graphite materials by the Commerce Department on May 20 resulted in a preliminary countervailing duty of 6.55 per cent for most producers but 712.03 per cent for Huzhou Kaijin New Energy Technology Corp and 721.03 per cent for Shanghai Shaosheng Knitted Sweat (sic).<\/p>\n
Final anti-dumping and anti-subsidy duties for the material are due by December 5, 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"The US Commerce Department said on Thursday that it will impose preliminary anti-dumping duties of 93.5 per cent…\n","protected":false},"author":2,"featured_media":2406,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[3684,64,63,3686,1071,3683,99,512,3693,3687,3685,164,3688,3689,3690,3691,3692,3122,2489],"class_list":["post-2405","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-american-active-anode-material-producers","tag-au","tag-australia","tag-beijing","tag-bloomberg","tag-bloombergnef","tag-business","tag-china","tag-chinese-companies","tag-commerce-department","tag-cru-group","tag-economy","tag-electric-vehicle-batteries","tag-huzhou-kaijin-new-energy-technology-corp","tag-inflation-reduction-act","tag-international-energy-agency","tag-japans-panasonic","tag-tesla","tag-us"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/2405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=2405"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/2405\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/2406"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=2405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=2405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=2405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}