Core Viewpoint - The U.S. Department of Commerce has made a preliminary affirmative determination to impose countervailing duty tariffs of up to 721% on synthetic and natural graphite anode material imported from China, which is seen as a significant step towards supporting domestic production of critical minerals for energy independence [1][2]. Group 1: Company Developments - NOVONIX Limited is part of the American Active Anode Material Producers, which filed the trade case against Chinese graphite imports, highlighting its role in advocating for U.S. graphite industry interests [3]. - The company is expanding its production capabilities with plans for a new high-performance synthetic graphite manufacturing plant in Chattanooga, Tennessee, which will complement its existing Riverside facility, aiming for a total production capacity exceeding 50,000 tonnes per annum [4]. Group 2: Industry Context - The preliminary ruling by the Department of Commerce follows a determination by the International Trade Commission that China has been suppressing the establishment of the graphite industry in the U.S. by exporting graphite at artificially low prices, impacting the lithium-ion battery supply chain [1][2]. - The ongoing antidumping duty investigation by Commerce may lead to additional tariffs, compounding the impact of the countervailing duties [2].

CHATTANOOGA, Tenn., April 29, 2025 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or the “Company”), a leading battery materials and technology company, is pleased to announce the execution of a definitive agreement to purchase a 182-acre parcel in the Enterprise South Industrial Park in Chattanooga, Tennessee. This milestone follows the recent unanimous approvals from the City of Chattanooga, Hamilton County, and the Chattanooga Industrial Development Board, completing the necessary ...

Core Viewpoint - NOVONIX Limited has appointed Michael O'Kronley as the new Chief Executive Officer, effective May 19, 2025, to lead the company in its next phase of growth in the battery materials and technology sector [1][3]. Group 1: Leadership Transition - Michael O'Kronley brings over 30 years of automotive experience, including 15 years in the lithium-ion battery and battery materials space, and previously served as CEO of Ascend Elements, where he increased the company's enterprise value by US$1.6 billion in five years [2]. - Admiral Robert J Natter, Chairman of NOVONIX, expressed confidence in O'Kronley's ability to lead the company and emphasized his extensive experience in manufacturing and scaling critical minerals production [3]. - O'Kronley succeeds Robert Long, who served as Interim CEO since January 2025 and will continue as Chief Financial Officer [3][4]. Group 2: Company Overview - NOVONIX is a leading battery technology company focused on revolutionizing the lithium-ion battery industry through innovative and sustainable technologies, high-performance materials, and efficient production methods [5]. - The company manufactures industry-leading battery cell testing equipment and is expanding its high-performance synthetic graphite material manufacturing operations, along with a patented all-dry, zero-waste cathode synthesis process [5]. - NOVONIX has established a prominent position in the electric vehicle and energy storage systems battery industry, contributing to a cleaner energy future through advanced R&D capabilities and strategic partnerships [5].