NOVONIX Soars 10.14% on U.S. Tariffs Boost

On July 18, 2025, NOVONIX's stock surged by 10.14% in pre-market trading, reflecting a significant boost in investor confidence and market sentiment.

NOVONIX Ltd has welcomed the U.S. Department of Commerce’s decision to impose antidumping tariffs of 93.5% on Chinese graphite imports, raising the effective tariff rate to 160%. This move is expected to support NOVONIX’s strategy of building a domestic supply chain for critical minerals in North America, enhancing its production capacity and strengthening its market position. The company’s Riverside facility in Chattanooga is set to become the first large-scale production site for high-performance synthetic graphite in North America, with plans to expand capacity to meet growing demand.

NOVONIX Ltd is a leading battery technology company that is revolutionizing the global lithium-ion battery industry with innovative, sustainable technologies and high-performance materials. The company manufactures industry-leading battery cell testing equipment and has developed a patented all-dry, zero-waste cathode synthesis process. NOVONIX is prominent in the electric vehicle and energy storage systems battery industry, contributing to a cleaner energy future.