Australia's Novonix inks deal to supply synthetic graphite to Stellantis [Yahoo! Finance]
NOVONIX Limited (NVX)
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nuveen.com/cef/product/overview.aspx?fundcode=nac
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Source: Yahoo! Finance
high-performance synthetic graphite material to its cell manufacturing partners in North America. As part of the agreement, the Brisbane-headquartered firm will supply a minimum of 86,250 metric tons, up to a target volume of 115,000 metric tons of synthetic graphite from its Riverside facility in Chattanooga, Tennessee, to Stellantis' cell manufacturing partners in North America from 2026 until 2031. "This contract allocates the remainder of our available volumes at our Riverside facility and a portion of volumes to be produced at our planned greenfield facility," Novonix CEO Chris Burns said. The Australian firm also said that it was making progress on building a new production facility in the southeastern United States which will boast an initial capacity of 30,000 metric tons per annum (tpa) and plans to expand that facility to 75,000 tpa. (Reporting by Rajasik Mukherjee in Bengaluru; Editing by Lisa Shumaker)
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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
- 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
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