NOVONIX Ltd (AU:NVX) has released an update.
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NOVONIX Ltd has joined a coalition of American graphite producers in filing a trade case against China, alleging unfair pricing practices in the export of battery-grade graphite to the U.S. This move aims to protect the budding domestic graphite industry and promote fair competition, as China currently dominates the market. NOVONIX’s Chattanooga facility is set to become a major player in North American synthetic graphite production, backed by significant U.S. government support.
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