Hyperdrive
South Korea to Tap Africa as China Tightens Graphite Controls
- Tanzania and Mozambique among countries under consideration
- Seoul to seek talks with Beijing for smooth graphite trade
South Korea is looking to African countries to secure graphite as China tightens its exports controls over the key material used in electric-vehicle batteries.
Mozambique and Tanzania are among countries that South Korea plans to tap into to address potential shortfalls, the trade ministry said Monday in a statement. Last week China strengthened export controls on some categories of graphite in a move it said will “safeguard national security and interests.”