Westwater Resources (WWR), supports the preliminary determination of the U.S. International Trade Commission that China’s exports of graphite have materially impeded the establishment of a U.S. domestic graphite industry. The American Active Anode Materials Producers AAAMP filed a trade case with the U.S. government in December 2024 seeking tariffs as high as 920% on imports of natural and synthetic graphite from China for use in producing lithium-ion batteries. The ITC issued a preliminary determination on January 31, 2025, which is in agreement with the AAAMP claim based on the U.S. Department of Commerce’s own calculation of graphite dumping margins up to 915%. Jon Jacobs, Westwater’s Chief Commercial Officer, commented, “This quantitative validation and rapid acknowledgement by the U.S. government that China-subsidized graphite is impeding the establishment of a U.S. industry is a huge win for U.S. producers of natural graphite anode material like Westwater.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio