China officially bans graphite exports

China officially bans graphite exports, shaking up the global EV industry.
Eyes are now on Graphex Group $GRFX, poised to be the first American-based graphite processor, they're stepping up amidst this global shift. With an average EV battery using 70-100kg of graphite, the industry feels the pressure, highlighting the need for nations to be self-reliant in crucial resources.
With the EV market booming, Graphex Group's initiative is a timely response, ensuring the US remains a key player in the game.