HEG, Graphite shares surge up to 14%. Here's why
HEG and Graphite India, surged 14.2% and 7.5% respectively on Wednesday following China’s decision to implement a stricter review process for graphite exports to the U.S. This move raised expectations that the restrictions could increase demand for Indian graphite producers.
HEG’s shares jumped 14.2% to a four-year high of Rs 569.70 on the BSE, while Graphite India rose 7.5% to Rs 613.05.
The decision by China to tighten its export controls on graphite has created optimism that Indian suppliers, like HEG and Graphite India, could see an increase in demand.
China, the world's largest producer of graphite, plays a key role in supplying the material, which is used in military applications and the production of Electric Vehicle (EV) batteries. The recent decision by China to tighten its export controls could limit the availability of graphite to the US, which may in turn boost demand for Indian suppliers.
This move follows the U.S. government's heightened scrutiny of Chinese semiconductor technology and other critical materials, including gallium, germanium, and antimony, all of which have military applications.
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