Overview

• Beijing will require government licenses for exports of specified high-end lithium-ion batteries, cathode precursors, graphite anode materials, and related know-how beginning Nov. 8.
• Chinese battery shares fell after the announcement, with CATL down 6.82%, Tianqi Lithium off 7.17%, EVE Energy sliding nearly 11%, and BYD dropping 2.54%, while a tightened EV tax-exemption policy also weighed on the sector.
• The measures target advanced inputs such as lithium-iron-phosphate cathode ingredients, nickel‑cobalt‑manganese precursors, and artificial or mixed graphite anode materials.
• Trivium China warned the rules could give Beijing leverage by slowing or limiting export licenses, while Zaoshang Securities projected limited disruption based on short permit processes and precedent from earlier graphite controls.
• The policy arrives alongside broader trade frictions and previous resource curbs, and it is expected to spur more supply-chain diversification efforts, including projects like Syrah Resources’ anode facility in Louisiana supplying Tesla and Lucid.