Yesterday the North American Graphite Alliance, of which NOVONIX is a member, urged the U.S. Trade Representative to impose Section 301 tariffs on Chinese graphite imports used to make lithium-ion battery anode material. Domestic manufacturers like NOVONIX are growing rapidly but facing unfair trade barriers and market manipulation due to longstanding Chinese dominance and oversupply. As demand for anode material continues to grow – 300% in North America and nearly 200% globally over the next five years – Section 301 tariffs will help domestic manufacturers compete fairly with Chinese producers, strengthen U.S. energy independence, and benefit local economies.
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