Koreans stock up on Chinese graphite
With export restrictions on Chinese shipments of natural graphite and spherical graphite set to kick in in December, November saw a huge increase in exports of both flake and spherical grades. Flake exports rose 3x m/m to 23.5Kt, and spherical exports 3.7x m/m to 12.2Kt. Korea and Japan substantially increased their buying levels in flake graphite and Korea increased its shipments of spherical by over 6x for the month. Given the dependence of the Korean cathode industry on imported spherical graphite material, it’s perhaps not a surprise to see this panic buying. It will be interesting to see whether Korea...