Optimised Adjustment Of Export Restrictions On Graphite Items! Leading Stocks Should Stop Benefiting Listed Companies

On Friday, graphene concept stocks showed strong performance, with Del Future and Gorgeous Family leading the pack, while Jinfu Technology and Xiangfenghua also saw significant gains, closing up more than 8%. Meanwhile, China Graphite Hong Kong shares closed up 12.5%. This news comes after an October 20 announcement from China's Ministry of Commerce and the General Administration of Customs, which stated that temporary export control measures for graphite items would be optimized and adjusted. Specifically, the control of spheroidal graphite and three other highly sensitive graphite items will now be formalized and included in the list of dual-use items for export control. Graphite is considered an important strategic resource with special physical properties, including high transverse thermal conductivity up to 10 times that of copper. Graphite is essential to the development of modern industries, including new energy, new materials, high-end equipment manufacturing, and the field of nuclear power, with China being one of the few countries with a complete range of graphite resources. CITIC Securities' Wang Zhe noted in a research report that China's natural graphite stock is abundant, with technological and cost advantages. Additionally, China's graphite deep-processing technology is at the forefront of the world, with high-temperature purification and graphene production providing competitive advantages in the international market.