Australian Graphite Maker Jumps on $755 Million Loan From US [Yahoo! Finance Canada]
NOVONIX Limited (NVX)
NASDAQ:AMEX Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=nac
Company Research
Source: Yahoo! Finance Canada
Most Read from Bloomberg Novonix rose as much as 16% on Tuesday before paring some of its gains to A$0.615 cents a share at 2:44 p.m. Sydney time, valuing the company at A$349 million ($222 million). The new plant will annually produce about 31,500 tons of synthetic graphite, which is key to manufacturing lithium-ion batteries in electric vehicles and smart phones, Novonix said in a statement Tuesday. The material will primarily be destined for EV makers in North America. Battery-grade graphite can either be mined or produced synthetically. Funds are contingent on a binding loan agreement with the Department of Energy and due diligence, according to the statement. The department said in a separate statement that the conditional commitment isn't final. That means there's a possibility it could be reversed by the Trump Administration if not completed by the Jan. 20 inauguration. China currently holds a 95% market share for battery grade graphite, according to Novonix. The natio
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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
- American Graphite Producers File Trade Case with U.S. Government Over Anticompetitive Graphite Prices on Chinese ExportsGlobeNewswire
- 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