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26 Apr
16:52

China’s graphite control threatens IRA subsidies, South Korea warns

South Korea has warned that China’s control over graphite is a major obstacle to EV makers looking to access subsidies under the US’ Inflation Reduction Act (IRA). Ahn Duk-geun, South Korea’s minister of trade, industry and energy, told the Financial Times there needs to be an exemption, or else the subsidy scheme “will collapse.” The IRA intends to remove “foreign entities of concern” from the country’s EV supply c…
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