India, Feb. 2 -- NOVONIX Limited (NVX, NVX.AX) commends today's preliminary ruling by the International Trade Commission (ITC) regarding China's suppression of the domestic graphite industry through the export of artificially cheap graphite to the United States. This follows the December 19, 2024 announcement by the American Active Anode Material Producers (AAAMP), which includes NOVONIX, to have the ITC and the U.S. Department of Commerce investigate China's export practices. The investigation focused on whether China is exporting natural and synthetic graphite, essential for lithium-ion battery anode material, at unfair prices to the U.S., with import tariffs being sought as a remedy.
Robert Long, Interim CEO of NOVONIX, said, Chinas str...