US Slapped 160% Effective Tariffs on Chinese Graphite, Raising EV Costs

 

MACROECONOMY 
US Slapped 160% Effective Tariffs on Chinese Graphite, Raising EV Costs 
The US has imposed a 93.5% anti-dumping duty on Chinese graphite, raising effective tariffs to 160% on this key EV battery material, citing unfair subsidies. The move, driven by US producers, could add USD 7/kWh to EV battery cell costs and strain supply chains for Tesla and Panasonic, who rely on Chinese graphite due to limited domestic supply. China, which supplies two-thirds of U.S. graphite imports, faces diversification calls as the US sees this as a chance to boost local graphite production, with a final decision due by 05 Dec. (Bloomberg Technoz)

COMPANY 
BCAS: SMGR IJ - Weak Jun-25 Sales Volume 

- SMGR booked domestic sales volume of 2.3 mn tons in Jun-25 (-6.8% MoM, -15.4% YoY), bringing 6M25 domestic volume to 12.9 mn tons (-7.7% YoY). 
- Domestic market share continued to trend down, reaching 47.3% in Jun-25 (vs. 47.9% in May-25 and 51.9% in Jun-24). 
- Total sales volume reached 17.3 mn tons in 6M25 (-2.2% YoY), with 6M25 market share stood at 47.6% (vs. 50.0% in 6M24). 

Solusi Sinergi Digital (WIFI) Rights Issue Oversubscribed Four Times 
WIFI successfully raised IDR 5.9 tn through a rights issue that was oversubscribed up to four times, reflecting strong investor confidence in its long-term strategy and commitment to expanding digital infrastructure across Indonesia. About 92.5% of shareholders exercised their rights, while the remaining shares were requested up to four times by investors. The funds will support WIFI's high-speed internet expansion and working capital for its subsidiaries, with a target to connect 5 mn homes in the first year as part of its broader plan to reach 25 mn homes nationwide. (Bisnis.com)