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Tesla and EV makers face fresh headwind from China

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China has released plans to restrict a key material in the production of electric vehicles.

TheStreet's J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Friday, October 20.I’m J.D. Durkin - reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.

Powell added, “a range of uncertainties, both old and new, complicate our task of balancing the risk of tightening monetary policy too much against the risk of tightening too little.” According to the U.S. Geological Survey, demand for graphite used in EV batteries has skyrocketed by 250 percent since 2018 - and China is the global leader for graphite production, accounting for 65% of the world's total in 2022.

 

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