[SMM Analysis] The US Imposes Anti-dumping Duties on Anode-grade Graphite from China, with the Combined Duty Rate Reaching 160%

In December 2024, the US Active Anode Materials Producers Association, jointly formed by multiple US-based graphite producers including Anovion Technologies, Syrah Technologies LLC, and Novonix Anode Materials, filed a complaint with federal agencies, alleging that Chinese graphite companies had violated anti-dumping laws.

On May 20, 2025, the US Department of Commerce initiated a parallel and independent countervailing duty investigation against anode-grade graphite from China. The preliminary decision of this investigation imposed a 6.55% countervailing duty on most Chinese producers, with Huzhou Kaijin New Energy Technology Co., Ltd. and Shanghai Shaosheng Knitted Undershirt Co., Ltd. being subject to countervailing duties of 712.03% and 721.03%, respectively.

Recently, the US Department of Commerce issued another latest ruling, announcing a 93.5% anti-dumping duty on anode-grade graphite imported from China, based on the determination that these products were sold in the US market at prices below fair market value. A fact sheet from the Department of Commerce obtained by Reuters indicated that the anti-dumping margin and cash deposit rate for all Chinese producers were set at 93.5%. This duty rate will be imposed in addition to the existing rates, resulting in an actual tariff rate of 160% for graphite products.

The anode graphite involved in this taxation specifically refers to materials with a carbon content of no less than 90% by weight, in forms including synthetic graphite, natural graphite, and mixtures of the two. As a key raw material for the anodes of lithium-ion batteries, this material finds wide application in numerous fields such as EVs, battery energy storage systems (BESS), consumer electronics, and medical devices.

SMM New Energy Industry Research Department

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lv Yanlin 021-20707875

Zhou Zhicheng 021-51666711

Zhang Haohan 021-51666752

Wang Zihan 021-51666914

Wang Jie 021-51595902

Xu Yang 021-51666760

Chen Bolin 021-51666836

Xu Mengqi 021-20707868