American Graphite Producers File Trade Case with U.S. Government Over Anticompetitive Graphite Prices on Chinese Exports
NOVONIX (NASDAQ: NVX) has joined other American Active Anode Material Producers (AAAMP) in filing a trade case with the U.S. Department of Commerce against China's unfair graphite pricing practices. The petition alleges that China, which controls 95% of the battery-grade graphite market, is exporting artificially cheap graphite, potentially harming domestic producers with dumping margins up to 920%.
NOVONIX's Riverside facility in Chattanooga, Tennessee, is set to become North America's first large-scale synthetic graphite production site for batteries, with commercial production starting in 2025 and planned output of 20,000 tonnes annually. The company has secured significant government support, including a $100 million DOE grant, a $103 million investment tax credit, and a conditional commitment for a $754.8 million DOE loan for a proposed new facility.
NOVONIX (NASDAQ: NVX) ha unito le forze con altri produttori americani di materiali attivi per anodi (AAAMP) per presentare un caso commerciale al Dipartimento del Commercio degli Stati Uniti contro le pratiche di prezzo sleale della Cina nel grafite. La petizione denuncia che la Cina, che controlla il 95% del mercato del grafite per batterie, sta esportando grafite artificialmente economico, danneggiando potenzialmente i produttori locali con margini di dumping che arrivano fino al 920%.
Lo di NOVONIX a Chattanooga, Tennessee, si appresta a diventare il primo sito di produzione su larga scala di grafite sintetica per batterie in Nord America, con l'inizio della produzione commerciale previsto per il 2025 e una produzione annuale pianificata di 20.000 tonnellate. L'azienda ha ottenuto un significativo supporto governativo, inclusi un sovvenzione del DOE di 100 milioni di dollari, un credito d'imposta per investimenti di 103 milioni di dollari e un impegno condizionale per un prestito del DOE di 754,8 milioni di dollari per un nuovo stabilimento proposto.
NOVONIX (NASDAQ: NVX) se ha unido a otros productores estadounidenses de material activo para ánodos (AAAMP) para presentar un caso comercial ante el Departamento de Comercio de EE. UU. contra las prácticas de precios injustos de grafito de China. La petición alega que China, que controla el 95% del mercado de grafito de calidad para baterías, está exportando grafito artificialmente barato, lo que podría perjudicar a los productores nacionales con márgenes de dumping de hasta el 920%.
La instalación Riverside de NOVONIX en Chattanooga, Tennessee, está destinada a convertirse en el primer sitio de producción a gran escala de grafito sintético para baterías en América del Norte, con la producción comercial prevista para comenzar en 2025 y una producción planificada de 20,000 toneladas al año. La empresa ha asegurado un apoyo gubernamental significativo, que incluye una subvención de $100 millones del DOE, un crédito fiscal de inversión de $103 millones y un compromiso condicional para un préstamo del DOE de $754.8 millones para una nueva instalación propuesta.
NOVONIX (NASDAQ: NVX)는 미국의 능동 양극 재료 생산자들(AAAMP)과 함께 중국의 비공정한 흑연 가격 관행에 대해 미국 상무부에 무역 소송을 제기했습니다. 이 청원은 중국이 배터리 등급 흑연 시장의 95%를 통제하고 있으며, 인위적으로 저렴한 흑연을 수출하고 있어 국내 생산자들에게 최대 920%의 덤핑 마진으로 피해를 줄 수 있다고 주장합니다.
테네시주 채터누가에 위치한 NOVONIX의 리버사이드 시설은 북미 최초의 대규모 합성 흑연 배터리 생산 사이트가 될 예정이며, 상업 생산은 2025년에 시작되고 연간 20,000톤의 생산이 계획되어 있습니다. 회사는 1억 달러의 DOE 보조금, 1억 3백만 달러의 투자세액공제, 제안된 새로운 시설을 위한 7억 5천48만 달러의 DOE 대출에 대한 조건부 약속을 포함하여 상당한 정부 지원을 확보했습니다.
NOVONIX (NASDAQ: NVX) a rejoint d'autres producteurs américains de matériaux anodes actifs (AAAMP) pour déposer un recours auprès du Département du Commerce des États-Unis contre les pratiques de tarification injustes de la Chine concernant le graphite. La pétition allègue que la Chine, qui contrôle 95 % du marché du graphite de qualité pour batteries, exporte du graphite artificiellement bon marché, ce qui pourrait nuire aux producteurs nationaux avec des marges de dumping allant jusqu'à 920 %.
La usine Riverside de NOVONIX à Chattanooga, Tennessee, devrait devenir le premier site de production à grande échelle de graphite synthétique pour batteries en Amérique du Nord, avec une production commerciale prévue pour 2025 et une production annuelle de 20 000 tonnes. L'entreprise a sécurisé un soutien gouvernemental significatif, y compris une subvention de 100 millions de dollars du DOE, un crédit d'impôt à l'investissement de 103 millions de dollars et un engagement conditionnel pour un prêt de 754,8 millions de dollars du DOE pour un nouveau projet d'installation proposé.
NOVONIX (NASDAQ: NVX) hat sich mit anderen amerikanischen Produzenten von aktivem Anodenmaterial (AAAMP) zusammengeschlossen und eine Klage beim US-Handelsministerium gegen Chinas unfaire Preispraktiken für Graphit eingereicht. Der Antrag behauptet, dass China, das 95% des Marktes für batteriegeeignetes Graphit kontrolliert, künstlich billigen Graphit exportiert, was potenziell heimische Produzenten mit Dumping-Margen von bis zu 920% schädigen könnte.
Die Riverside-Anlage von NOVONIX in Chattanooga, Tennessee, soll die erste großflächige Produktionsstätte für synthetischen Graphit für Batterien in Nordamerika werden, wobei die kommerzielle Produktion 2025 beginnt und eine geplante Jahresproduktion von 20.000 Tonnen vorgesehen ist. Das Unternehmen hat beträchtliche staatliche Unterstützung erhalten, darunter einen 100-Millionen-Dollar-DOE-Zuschuss, eine 103-Millionen-Dollar-Investitionssteuervergünstigung und ein bedingtes Engagement für ein 754,8-Millionen-Dollar-DOE-Darlehen für eine vorgeschlagene neue Anlage.
- Secured $100 million DOE grant for Riverside facility
- Received $103 million investment tax credit
- Obtained conditional commitment for $754.8 million DOE loan
- Planned production capacity of 20,000 tonnes per annum
- First-mover advantage as North America's first large-scale synthetic graphite producer
- Facing significant competition from Chinese producers with 95% market share
- Commercial production not starting until 2025
- Dependent on successful trade case outcome for market competitiveness
Insights
The trade case filing against Chinese graphite exports represents a pivotal development in the U.S. battery materials supply chain. The alleged dumping margins of up to
The timing aligns with NOVONIX's strategic positioning through its Riverside facility and recent government support, including a
The formation of AAAMP and involvement of multiple domestic producers strengthens the case's credibility and increases the likelihood of a favorable outcome. The potential implementation of countervailing duties would provide substantial protection for emerging U.S. graphite manufacturers and accelerate domestic supply chain development.
This trade action carries substantial implications for the EV battery supply chain. NOVONIX's Riverside facility's planned 20,000 tonnes annual production capacity becomes significantly more competitive if protected from artificially low-priced Chinese imports. The facility's strategic importance is amplified by its position as North America's first large-scale synthetic graphite production site for batteries.
The combination of trade protection and substantial government financial support (
BRISBANE, Australia, Dec. 19, 2024 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or the “Company”), a leading battery materials and technology company announced today the Company’s participation in the American Active Anode Material Producers’ (“AAAMP”) petition to the U.S. Department of Commerce (“Commerce”) and the International Trade Commission (“ITC”) 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.1
The filing asserts China is harming the nascent domestic graphite industry by exporting artificially cheap battery-grade graphite into the U.S., denying North American producers a fair opportunity to enter the market. Experts at Buchanan Ingersoll & Rooney PC, the law firm handling the case, estimate dumping margins as high as
Dr. Chris Burns, CEO of NOVONIX, said, “This is an important issue to address on the path to strengthening the production of critical minerals here in the U.S. and bringing fair competition to the global marketplace. We hope filing this case will bring transparency to the graphite anode market and drive further government action to utilize policies and tariffs in a manner commensurate with China’s unfair trade practices.”
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 2025 with plans to grow output to 20,000 tonnes per annum to meet current customer commitments. Previously, the Company announced that the Department of Energy’s (“DOE”) Office of Manufacturing and Energy Supply Chains (“MESC”) awarded the Company a US
This case was filed by the AAAMP which is comprised of four members of the North American Graphite Alliance (“NAGA”), including NOVONIX, alongside 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. NAGA encourages the U.S. Federal government to craft and implement policies, programs, and funding opportunities that support growing the domestic graphite industry.
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 and our plans to build a new production facility and our efforts to finance this new production facility with a loan from the LPO.
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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
3 NOVONIX Finalizes US
4 U.S. Government Selects NOVONIX to Receive US
5 NOVONIX Offered Conditional Commitment for US
FAQ
What are the dumping margins alleged in the NVX trade case against Chinese graphite producers?
When will NOVONIX's Riverside facility begin commercial production of synthetic graphite?
How much government funding has NVX secured for its Riverside facility?
What is the planned production capacity for NVX's Riverside facility?
What is China's current market share in battery-grade graphite production?
