Evion Poised to Benefit as U.S. House Backs Extension of African Trade Preferences

The latest update is out from BlackEarth Minerals NL ( (AU:EVG) ).

Evion Group NL has welcomed the passage of H.R. 6500, the African Growth and Opportunity Act Extension Act, through the U.S. House of Representatives, which would extend duty-free access for qualifying imports from African countries, including Madagascar, until the end of 2028 if enacted. With the United States already one of Madagascar’s largest trading partners, the proposed extension of AGOA is expected to underpin continued duty-free exports of Malagasy graphite to the U.S. and strengthen strategic value chains between Africa and Western economies. Evion’s management says Madagascar, already a major supplier of graphite to the U.S. and Europe, is well positioned to expand shipments of graphite and other critical minerals under the extended trade preferences, bolstering the company’s prospects as global powers seek to diversify and secure critical mineral supply chains for energy transition and security applications.

The most recent analyst rating on (AU:EVG) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on BlackEarth Minerals NL stock, see the AU:EVG Stock Forecast page.

More about BlackEarth Minerals NL

Evion Group NL is an ASX-listed company focused on graphite projects in Madagascar, supplying world-class graphite products into critical minerals supply chains for the United States, Europe and other key markets. Positioned within the broader critical minerals and new energy sectors, Evion aims to leverage Madagascar’s role as a major exporter of graphite to meet growing global demand for secure, non-Chinese sources of battery and industrial graphite.

Average Trading Volume: 1,130,660

Technical Sentiment Signal: Buy

Current Market Cap: A$17.91M

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