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Asian graphite and battery-related stocks surged on Friday after the U.S. Commerce Department announced preliminary anti-dumping duties of 93.5% on anode-grade graphite imports from China. The move targets Chinese exporters accused of benefiting from unfair subsidies and marks a major policy shift in the electric vehicle (EV) supply chain.
The tariffs, which also include anti-subsidy investigations, are expected to take full effect by December 5, 2025. They are likely to drive global manufacturers to seek non-Chinese alternatives, boosting the demand and pricing power of regional graphite producers.
South Korean stocks saw significant gains, with POSCO Future M (KS:003670) soaring over 20% and LG Energy Solution (KS:373220) rising 3%. In Australia, Syrah Resources (ASX:SYR) jumped more than 35%, while Novonix Ltd (ASX:NVX), which runs a graphite plant in Tennessee, climbed around 21%.
Meanwhile, Hong Kong-listed Contemporary Amperex Technology (CATL) (HK:3750), the world’s largest EV battery maker, rose over 2%. India’s Graphite India Ltd. (NSE:GRPH) also saw a 4% gain.
These sharp moves reflect growing investor optimism toward non-Chinese graphite suppliers as the U.S. tightens trade policies to secure its EV supply chain. The new tariffs are part of a broader trend of de-risking from China amid ongoing geopolitical and trade tensions.
With final duty decisions expected later this year, global battery manufacturers may continue shifting procurement strategies, potentially reshaping the graphite market and benefitting suppliers in Asia and the West. Investors are now closely watching how these changes could affect long-term pricing and supply dynamics across the EV sector.
