Graphite

A November 2025 suspension of graphite export approvals created a six-month freeze on Chinese anode-material shipments; US International Trade Commission March 2026 preliminary injury finding opened antidumping/CVD investigations; China produces 65% of mined graphite and 97% of spherical graphite

The House-passed reconciliation bill terminates the IRA's wind production and investment credits for projects beginning after 2026, extends and modifies the 45X advanced manufacturing credit, bars FEOC-sourced material from 45X eligibility, and adds a new metallurgical coal credit; Senate outcome uncertain