NOVONIX (ASX:NVX) welcomed the US International Trade Commission's preliminary determination that China stunted the establishment of a US graphite industry by exporting artificially cheap graphite to the country, according to a Monday Australian bourse filing.
The American Active Anode Material Producers, which represents graphite materials producers and includes NOVONIX, filed a case with the commission and the US Department of Commerce in 2024 on the matter.
The group had sought import tariffs as a remedy.
The case will now proceed before the Commerce Department and the commission under the jurisdiction of US antidumping and countervailing duty statutes.
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