Asian battery stocks soar as US plans tariffs on Chinese graphite

Investing.com-- Asian battery and graphite-related stocks soared on Friday after the U.S. Commerce Department announced preliminary anti-dumping duties of 93.5% on anode-grade graphite imports from China, a key feedstock for electric vehicle batteries.

The expected tariffs, aimed at countering subsidised Chinese exports, underpin a shift towards non-Chinese graphite producers and boost pricing power for regional suppliers.

In South Korea, POSCO (NYSE:PKX) Future M (KS:003670) stock surged more than 20%, while LG Energy Solution (KS:373220) shares rose 3%.

Australia’s Syrah Resources (ASX:SYR) jumped over 35%, while fellow Australian-listed Novonix Ltd (ASX:NVX), which operates a graphite plant in Tennessee, surged about 21%.

Other Asian battery stocks also gained. Hong Kong-listed shares of the world’s largest EV battery maker, Contemporary Amperex Technology (CATL) (HK:3750) rose more than 2% on Friday.

India-based Graphite India Ltd. (NSE:GRPH) stock jumped 4%. 

The Commerce Department’s duty also includes anti-subsidy probes alongside the anti-dumping measures.

Final anti-dumping and anti-subsidy duties for the material are scheduled to be announced by December 5, 2025.

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