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The latest update is out from NOVONIX Ltd ( (AU:NVX) ).
NOVONIX Limited has welcomed a preliminary ruling by the International Trade Commission (ITC) that indicates China’s suppression of the U.S. domestic graphite industry by exporting artificially cheap graphite. This ruling is a significant step towards ensuring fair competition and protecting U.S. critical minerals producers, including NOVONIX, from China’s predatory pricing. The decision supports the American Active Anode Material Producers’ case, which could lead to additional tariffs on Chinese graphite imports if further investigations confirm unfair trade practices. NOVONIX’s Riverside facility in Tennessee is set to become the first large-scale production site for high-performance synthetic graphite in North America, beginning commercial production in early 2026 to fulfill commitments to major clients like Panasonic and Stellantis.
More about NOVONIX Ltd
NOVONIX is a leading battery technology company revolutionizing the global lithium-ion battery industry with innovative, sustainable technologies, high-performance materials, and more efficient production methods. The company manufactures industry-leading battery cell testing equipment and is expanding its high-performance synthetic graphite material manufacturing operations. With its patented all-dry, zero-waste cathode synthesis process, NOVONIX is positioned prominently in the electric vehicle and energy storage systems battery industry, advancing a cleaner energy future.
YTD Price Performance: -25.00%
Average Trading Volume: 155,208
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $218M
Learn more about NVX stock on TipRanks’ Stock Analysis page.
