BUZZ-Australia's Novonix jumps on graphite supply deal

Reuters

2024/11/25

** Novonix NVX.AX jumps as much as 15.5% to A$0.855; biggest intraday pct gain since Nov. 11

** Stock hits its highest since Nov. 18

** Battery materials supplier signs deal with Volkswagen-founded VOWG_p.DE Powerco to supply a minimum of 32,000 metric tons of high-performance synthetic graphite for five years from 2027

** Nearly 5 mln shares traded, 2x the 30-day average

** NVX up 15.6% YTD

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com;))

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