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American Graphite Producers File Trade Case with U.S. Government Over Anticompetitive Graphite Prices on Chinese Exports
NVXNOVONIX(NVX) GlobeNewswire·2024-12-18 22:01

Core Viewpoint - NOVONIX Limited is participating in a petition to investigate China's unfair pricing practices in exporting graphite used for lithium-ion battery anodes, which is harming the North American graphite industry [1][2][3]. Group 1: Industry Context - The petition filed by the American Active Anode Material Producers (AAAMP) claims that China is exporting battery-grade graphite at artificially low prices, with estimated dumping margins as high as 920% [2]. - China currently holds over 95% market share for battery-grade graphite, which poses a significant challenge for North American producers [2]. Group 2: Company Initiatives - NOVONIX's Riverside facility in Chattanooga, Tennessee, is set to become the first large-scale production site for high-performance synthetic graphite in North America, with plans to produce 20,000 tonnes per annum starting in 2025 [3]. - The company has received a US100milliongrantfromtheU.S.DepartmentofEnergyandaUS100 million grant from the U.S. Department of Energy and a US103 million investment tax credit to support the Riverside facility [3]. - NOVONIX has also secured a conditional commitment for a direct loan of up to US$754.8 million from the DOE Loan Programs Office for financing a new production facility in Chattanooga [3]. Group 3: Organizational Collaboration - The AAAMP, which includes NOVONIX and other graphite anode material producers, aims to encourage the U.S. Federal government to implement supportive policies for the domestic graphite industry [4].