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NOVONIX (NASDAQ: NVX) welcomes a preliminary ruling by the International Trade Commission (ITC) that confirms China’s suppression of the U.S. domestic graphite industry through artificially cheap exports. This follows a December 2024 case initiated by the American Active Anode Material Producers’ (AAAMP), seeking import tariffs as remedy.
The case will now proceed before Commerce and ITC under U.S. antidumping and countervailing duty statutes. If proven conclusive, additional tariffs will be assessed against Chinese producers, who currently hold over 95% market share for battery grade graphite.
NOVONIX’s Riverside facility in Chattanooga, Tennessee, is set to become North America’s first large-scale synthetic graphite production site for the battery sector, with commercial production starting in early 2026. The facility plans to reach 20,000 tonnes annual output to fulfill commitments to Panasonic, Stellantis, and PowerCo.
NOVONIX (NASDAQ: NVX) accoglie con favore una decisione preliminare della Commissione per il Commercio Internazionale (ITC) che conferma la soppressione dell’industria grafitica domestica statunitense da parte della Cina attraverso esportazioni artificialmente a buon mercato. Questo segue a un caso avviato a dicembre 2024 dagli American Active Anode Material Producers (AAAMP), che richiede tariffe sulle importazioni come rimedio.
Il caso procederà ora davanti al Dipartimento del Commercio e all’ITC secondo le normative statunitensi sulle pratiche commercali sleali e le tariffe compensative. Se si dimostrerà conclusivo, saranno applicate ulteriori tariffe ai produttori cinesi, che attualmente detengono oltre il 95% della quota di mercato del grafite per batterie.
Lo stabilimento di NOVONIX a Riverside, Chattanooga, Tennessee, diventerà il primo sito di produzione di grafite sintetica su larga scala per il settore delle batterie in Nord America, con produzione commerciale che inizierà all’inizio del 2026. Lo stabilimento prevede di raggiungere un output annuale di 20.000 tonnellate per soddisfare gli impegni con Panasonic, Stellantis e PowerCo.
NOVONIX (NASDAQ: NVX) da la bienvenida a un fallo preliminar de la Comisión de Comercio Internacional (ITC) que confirma la supresión de la industria grafítica nacional de EE. UU. por parte de China a través de exportaciones artificialmente baratas. Esto sigue a un caso iniciado en diciembre de 2024 por los Productores de Material de Ánodo Activo de EE. UU. (AAAMP), que busca aranceles de importación como remedio.
El caso ahora procederá ante el Departamento de Comercio y el ITC bajo las leyes estadounidenses de antidumping y derechos compensatorios. Si se demuestra concluyente, se aplicarán aranceles adicionales a los productores chinos, que actualmente tienen más del 95% de la cuota de mercado para el grafito de grado batería.
La instalación de NOVONIX en Riverside, Chattanooga, Tennessee, se convertirá en el primer sitio de producción de grafito sintético a gran escala para el sector de baterías en América del Norte, con producción comercial que comenzará a principios de 2026. La instalación planea alcanzar una producción anual de 20,000 toneladas para cumplir compromisos con Panasonic, Stellantis y PowerCo.
NOVONIX (NASDAQ: NVX)는 국제무역위원회(ITC)가 미국 국내 그래프이트 산업에 대한 중국의 인위적으로 저렴한 수출로 인한 억제를 확인한 예비 판결을 환영합니다. 이는 2024년 12월 미국 활성 음극 재료 생산자(AAAMP)가 수입 관세를 제외하는 판결을 요청한 사건에 따른 것입니다.
이 사건은 이제 미국의 반덤핑 및 보조금 법령에 따라 상무부와 ITC로 진행됩니다. 결론적으로 증명될 경우, 현재 배터리 등급 그래프이트의 95% 이상의 시장 점유율을 보유한 중국 생산자들에 대해 추가 관세가 부과될 것입니다.
테네시주 채타누가에 위치한 NOVONIX의 리버사이드 시설은 2026년 초 상업 생산을 시작하면서 북미에서 배터리 부문을 위한 대규모 합성 그래프이트 생산 사이트로 자리잡을 예정입니다. 이 시설은 Panasonic, Stellantis 및 PowerCo와의 약속을 이행하기 위해 연간 20,000톤의 생산량을 달성할 계획입니다.
NOVONIX (NASDAQ: NVX) accueille favorablement une décision préliminaire de la Commission du commerce international (ITC) qui confirme la suppression de l’industrie du graphite américaine par la Chine grâce à des exportations artificiellement bon marché. Cela fait suite à une affaire initiée en décembre 2024 par les American Active Anode Material Producers (AAAMP), qui réclament des droits de douane à l’importation comme remède.
L’affaire se poursuivra désormais devant le ministère du Commerce et l’ITC selon les lois américaines sur le dumping et les droits compensatoires. Si cela se révèle concluant, des droits de douane supplémentaires seront appliqués aux producteurs chinois, qui détiennent actuellement plus de 95% de part de marché pour le graphite de qualité batterie.
La installation de NOVONIX à Riverside, Chattanooga, Tennessee, va devenir le premier site de production de graphite synthétique à grande échelle pour le secteur des batteries en Amérique du Nord, avec une production commerciale prévue pour début 2026. L’installation prévoit d’atteindre une production annuelle de 20 000 tonnes pour respecter ses engagements auprès de Panasonic, Stellantis et PowerCo.
NOVONIX (NASDAQ: NVX) begrüßt ein vorläufiges Urteil der International Trade Commission (ITC), das die Unterdrückung der US-amerikanischen Graphitindustrie durch künstlich günstige Exporte aus China bestätigt. Dies folgt einem im Dezember 2024 eingeleiteten Verfahren durch die American Active Anode Material Producers (AAAMP), die Importzölle als Abhilfe verlangen.
Das Verfahren wird nun gemäß den US-amerikanischen Antidumping- und Ausgleichszollbestimmungen vor dem Handelsministerium und der ITC fortgeführt. Wenn sich dies als zutreffend erweist, werden zusätzliche Zölle gegen chinesische Produzenten erhoben, die derzeit über 95% Marktanteil für Batteriegrafit halten.
Das Riverside-Werk von NOVONIX in Chattanooga, Tennessee, wird die erste groß angelegte Produktionsstätte für synthetisches Grafit im Batteriebereich in Nordamerika werden, wobei die kommerzielle Produktion Anfang 2026 beginnen soll. Das Werk plant, eine Jahresproduktion von 20.000 Tonnen zu erreichen, um Verpflichtungen gegenüber Panasonic, Stellantis und PowerCo zu erfüllen.
Positive
- Favorable ITC preliminary ruling against Chinese unfair pricing practices
- Potential implementation of protective tariffs against Chinese imports
- Secured customer commitments from major companies (Panasonic, Stellantis, PowerCo)
- Planned production capacity of 20,000 tonnes per annum
Negative
- Commercial production not starting until early 2026
- Currently facing competition from dominant Chinese market share (95%)
Insights
The ITC’s preliminary determination represents a pivotal moment for the US battery materials industry, particularly for NOVONIX’s strategic position. With China controlling 95% of the battery-grade graphite market, this ruling could fundamentally reshape the competitive landscape and pricing dynamics in North America.
The timing is strategically significant for NOVONIX as it prepares to launch its 20,000-tonne Riverside facility in early 2026. If the final ruling implements substantial tariffs on Chinese imports, it could effectively create a price floor that protects domestic producers’ margins while potentially accelerating the reshoring of critical mineral supply chains.
The case’s implications extend beyond immediate pricing effects:
- Supply Chain Security: This ruling aligns with broader US policy initiatives to reduce dependence on Chinese critical minerals, potentially attracting additional investment in domestic production.
- Market Opportunity: With major customers like Panasonic, Stellantis and PowerCo already committed, NOVONIX is well-positioned to capture market share as tariffs potentially level the playing field.
- Industry Coalition: The formation of AAAMP demonstrates coordinated industry action, suggesting stronger collective bargaining power in future trade discussions.
The preliminary ruling’s positive impact could be amplified by concurrent initiatives like the Inflation Reduction Act’s domestic content requirements, potentially creating a multiplicative effect on NOVONIX’s competitive advantage in the US market.
BRISBANE, Australia, Feb. 03, 2025 (GLOBE NEWSWIRE) — NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or the “Company”), a leading battery materials and technology company, applauds today’s preliminary determination by the International Trade Commission (ITC) that China has supressed the establishment of the domestic graphite industry by exporting artificially cheap graphite to the United States. As previously announced on December 19, 2024, the American Active Anode Material Producers’ (“AAAMP”), including NOVONIX, initiated a case with the ITC and the U.S. Department of Commerce (“Commerce”) to investigate whether China is exporting natural and synthetic graphite used to make lithium-ion battery anode material at unfair prices to the United States and seeking import tariffs as a remedy.1
Mr. Robert Long, Interim CEO of NOVONIX, said, “China’s strategic efforts to control the global critical minerals supply chain, fueled by massive government subsidies with the clear intent of suppressing fair competition, are a threat to U.S. energy and national security. The ITC’s ruling represents an important step towards leveling the playing field for U.S. critical minerals producers and bringing transparency to the global marketplace. This will protect companies like NOVONIX from unfair predatory pricing practises by Chinese producers.
Now that the ITC has made its preliminary determination, the case will proceed simultaneously before Commerce and the ITC under the jurisdiction of U.S. antidumping and countervailing duty (AD/CVD) statutes. If the investigation proves conclusive, Commerce will assess the use of additional tariffs equal to the extent of unfair pricing by the Chinese. China currently has over 95% market share for battery grade graphite.2
NOVONIX’s Riverside facility, located in Chattanooga, Tennessee, is poised to become the first large-scale production site dedicated to high-performance synthetic graphite for the battery sector in North America. It is slated to begin commercial production in early 2026. with plans to grow output to 20,000 tonnes per annum to meet current customer commitments for Panasonic, Stellantis, and PowerCo.
This case was filed by the AAAMP which is comprised of four members of the North American Graphite Alliance (“NAGA”), including NOVONIX, and two additional graphite anode material producers in the United States. NAGA represents American and Canadian producers of battery-grade natural and synthetic graphite, both of which are used to create anode material for lithium-ion batteries.
This announcement has been authorised for release by Admiral Robert J Natter, USN Ret., Chairman.
About NOVONIX
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, is growing its high-performance synthetic graphite material manufacturing operations, and has developed a patented all-dry, zero-waste cathode synthesis process. Through advanced R&D capabilities, proprietary technology, and strategic partnerships, NOVONIX has gained a prominent position in the electric vehicle and energy storage systems battery industry and is powering a cleaner energy future.
To learn more, visit us at www.novonixgroup.com or on LinkedIn and X.
For NOVONIX Limited
Scott Espenshade, ir@novonixgroup.com (investors)
Stephanie Reid, media@novonixgroup.com (media)
Cautionary Note Regarding Forward-Looking Statements
This communication contains forward-looking statements about the Company and the industry in which we operate. Forward-looking statements can generally be identified by use of words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or other similar expressions. Examples of forward-looking statements in this communication include, among others, statements we make regarding our plans to commence commercial production and meet our production target at our Riverside facility.
We have based such statements on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Such forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the timely deployment and scaling of our furnace technology, our ability to meet the technical specifications and demand of our existing and future customers, the accuracy of our estimates regarding market size, expenses, future revenue, capital requirements, needs and access for additional financing, the availability and impact and our compliance with the applicable terms of government support, our ability to obtain patent rights effective to protect our technologies and processes and successfully defend any challenges to such rights and prevent others from commercializing such technologies and processes, and regulatory developments in the United States, Australia and other jurisdictions. These and other factors that could affect our business and results are included in our filings with the U.S. Securities and Exchange Commission (“SEC”), including the Company’s most recent annual report on Form 20-F. Copies of these filings may be obtained by visiting our Investor Relations website at www.novonixgroup.com or the SEC’s website at www.sec.gov.
Forward-looking statements are not guarantees of future performance or outcomes, and actual performance and outcomes may differ materially from those made in or suggested by the forward-looking statements contained in this communication. Accordingly, you should not place undue reliance on forward-looking statements. Any forward-looking statement in this communication is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.
1 American-Graphite-Producers-File-Trade-Case-with-U.S.-Government-Over-Chinas-Manipulation-of-Global-Graphite-Market.pdf
2 Benchmark Minerals Intelligence Anode Price Assessment September 2024
FAQ
What was the ITC’s preliminary ruling regarding NVX and Chinese graphite imports?
The ITC preliminarily determined that China has suppressed the U.S. domestic graphite industry by exporting artificially cheap graphite to the United States, supporting NOVONIX’s trade case.
When will NVX’s Riverside facility begin commercial production?
NOVONIX’s Riverside facility in Chattanooga, Tennessee, is scheduled to begin commercial production in early 2026.
What is the planned production capacity for NVX’s Riverside facility?
The Riverside facility plans to grow output to 20,000 tonnes per annum to meet customer commitments.
Who are NVX’s major customers for the Riverside facility production?
NOVONIX has secured customer commitments from Panasonic, Stellantis, and PowerCo.
What is China’s current market share in battery grade graphite production?
China currently holds over 95% market share for battery grade graphite production.
