South Korea to Tap Africa as China Tightens Graphite Controls

(Bloomberg) — 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.”