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The latest announcement is out from NOVONIX Ltd ( (AU:NVX) ).
NOVONIX Limited has welcomed the U.S. Department of Commerce’s decision to impose up to 721% tariffs on Chinese synthetic and natural graphite anode material, a move aimed at supporting the U.S. graphite industry and promoting energy independence. This decision, part of a broader investigation into China’s graphite exports, is expected to bolster NOVONIX’s operations, particularly with its plans to expand production capacity in Chattanooga, Tennessee, positioning the company as a significant player in the North American battery materials market.
More about NOVONIX Ltd
NOVONIX is a leading battery technology company focused on revolutionizing the global lithium-ion battery industry through innovative and sustainable technologies. The company specializes in high-performance materials and efficient production methods, including manufacturing industry-leading battery cell testing equipment and high-performance synthetic graphite material. NOVONIX has developed a patented all-dry, zero-waste cathode synthesis process and holds a prominent position in the electric vehicle and energy storage systems battery industry.
Average Trading Volume: 4,127,116
Technical Sentiment Signal: Sell
Current Market Cap: A$321.2M
For a thorough assessment of NVX stock, go to TipRanks’ Stock Analysis page.