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According to a report from Yonhap News Agency on January 14, the Chinese government has approved applications to export spherical graphite materials and finished graphite anode materials to major battery industry manufacturers in South Korea.

The report mentions that in late December of the previous year, China approved the export of spherical graphite materials required for lithium battery anode material production to POSCO Future M, a battery material production subsidiary of the South Korean steel giant POSCO. This company is the only battery material leader in South Korea involved in both cathode and anode materials for secondary batteries.

China also approved the export of finished graphite anode materials to the three major South Korean power battery companies: LG Energy Solution, SK Innovation, and Samsung SDI.

According to industry insiders quoted by Yonhap News Agency, although the Chinese government has strengthened export controls on graphite items, it has approved a series of graphite export licenses, including those for South Korean enterprises. It can be said that South Korean companies have not encountered any significant issues during the process of importing graphite from China.

Reportedly, since December 1 of the previous year, China has further included natural graphite and other secondary battery anode materials on the controlled list. According to the Ministry of Trade, Industry, and Energy’s statistics, South Korea imported a total value of about 241 million US dollars worth of artificial and natural graphite in 2022, with 93.7% of it coming from China.

Source: WeChat Official Account—马里亚纳锂电

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