large?w=1920&resize=1920,1024&ssl=1 American Increases Chinese Import Tariffs, Including Graphite, Impacting Investing News on June 14, 2024

American Increases Chinese Import Tariffs, Including Graphite, Impacting Investing News on June 14, 2024

With the White House imposing tariffs on Chinese graphite imports, Green Battery Minerals (TSXV:GEM) is seizing an opportunity to promote its domestic projects, particularly the Jupiter Lithium Property in Québec. The U.S. administration’s recent Executive Order established a 25 per cent tariff on Chinese imports, including natural graphite, increasing from 0 per cent to 25 per cent by 2026.

The move aims to enhance domestic manufacturing in critical industries, with President Joe Biden citing China’s unfair trade practices as a threat to American businesses and workers. The tariffs are projected to impact around $18 billion in current annual imports, including lithium-ion batteries and battery parts.

Given China’s dominance in global graphite production and the increasing demand for electric vehicles and batteries, companies and governments are seeking to diversify their supply chains. Benchmark Mineral Intelligence data indicates a shortfall in natural graphite supply by 2025, necessitating the development of more mines.

Green Battery Minerals is positioning itself as a key player in this evolving market, with its Jupiter Lithium Property and Berkwood Graphite Project in Québec. The company is focused on exploring and developing natural resource properties critical to lithium-ion batteries.

While Green Battery Minerals stock has seen fluctuations, it remains an intriguing investment option amid the shifting dynamics of the graphite market. The company’s efforts in domestic resource development align with the broader goal of reducing dependence on Chinese imports and securing a stable supply chain for critical minerals.

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