US tariffs target Chinese graphite supply – but is it working? [Yahoo! Finance]
Nouveau Monde Graphite Inc. Common Shares (NMG)
Company Research
Source: Yahoo! Finance
It is the sole material, besides a small amount of silicon, in the anode, the battery's negative terminal that makes up 50% of the cell. Graphite is therefore imperative for the energy transition. Yet, unlike other similarly critical minerals such as lithium and cobalt, it has hit the headlines much less. This is because, unlike the other two, graphite is relatively abundant. The US Geological Survey estimates there are 800 million tonnes (mt) of recoverable graphite reserves globally, though the US' share is small. Despite this, graphite supply is monopolised by China, as it is for other battery-integral minerals. Chinese production accounts for 77% of all graphite production and 97% of global anode output – meaning almost all non-Chinese-produced graphite is sent to the country for processing. The US Government, which has a target of 56% of all new US vehicles sold to be electric by 2032, is starting to take this monopoly seriously, scaling up incentives for battery makers to
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NMG
News
- NMG Provides Update on its Progress Toward FID for its Fully Integrated Ore-to-Active-Anode-Materials Phase-2 OperationsBusiness Wire
- NexaMotion Group Completes its Third Acquisition of the Year with City Auto SupplyPR Newswire
- NMG Pays Accrued InterestsBusiness Wire
- NMG Gears Up for the Construction of the Phase-2 Matawinie Mine with Substation Contract, Engagement with Contractors and Contribution to Community’s Economic VitalityBusiness Wire
- NMG Appoints Stéphane Leblanc to Its Board of DirectorsBusiness Wire
NMG
Earnings
- 11/14/24 - Beat
NMG
Sec Filings
- 11/14/24 - Form 6-K
- NMG's page on the SEC website