China impact? HEG stock nears 5-year high, zooms 30% in 2 days

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China impact? HEG stock nears 5-year high, zooms 30% in 2 days - Business Standard

Quick Summary:

As per media sources, China has announced that it will implement stricter end-user and end-use reviews for graphite exports to the US.

HEG has been world’s largest single site graphite electrode plant under one roof with a capacity of 80,000 tons pa for a long time.

According to ICICI Securities, China’s move is response to geopolitical tensions between China and the US with new US elect president vehemently articulating imposing tariffs on Chinese good entering US territory.