American Graphite Producers File Trade Case with U.S. Government Over Anticompetitive Graphite Prices on Chinese Exports
NOVONIX Limited (NVX)
NASDAQ:AMEX Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=nac
Company Research
Source: GlobeNewswire
BRISBANE, Australia, Dec. 19, 2024 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or the “Company”), a leading battery materials and technology company announced today the Company’s participation in the American Active Anode Material Producers’ (“AAAMP”) petition to the U.S. Department of Commerce (“Commerce”) and the International Trade Commission (“ITC”) to investigate whether China is exporting natural and synthetic graphite used to make lithium-ion battery anode material at unfair prices to the United States.1 The filing asserts China is harming the nascent domestic graphite industry by exporting artificially cheap battery-grade graphite into the U.S., denying North American producers a fair opportunity to enter the market. Experts at Buchanan Ingersoll & Rooney PC, the law firm handling the case, estimate dumping margins as high as 920%. If the investigation proves conclusive, Commerce will assess the use of additional tariffs equal to the extent of unf
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News
- Graphite Market worth $36.40 billion by 2030, at a CAGR of 15.1%, says MarketsandMarkets™ [Yahoo! Finance]Yahoo! Finance
- Australian Graphite Maker Jumps on $755 Million Loan From US [Yahoo! Finance Canada]Yahoo! Finance Canada
- US backs graphite factory to loosen China’s EV supply chain grip [Financial Times (FT.com) (UK)]Financial Times
- Australian Graphite Maker Jumps on $755 Million US Plant Funding [Yahoo! Finance]Yahoo! Finance
- NOVONIX Offered Conditional Commitment for US$754 Million Loan from the U.S. Department of Energy for New Synthetic Graphite Manufacturing Plant in Tennessee [Yahoo! Finance]Yahoo! Finance
NVX
Sec Filings
- 12/26/24 - Form 6-K
- 12/26/24 - Form 6-K
- 12/20/24 - Form S-8
- NVX's page on the SEC website