Australia's NOVONIX hits one-month high after US certifies graphite programme

Novonix

10/04/2026 04:05

** NOVONIX NVX.AX rises as much as 9.1% to A$0.3, highest since March 12

** Stock hits biggest intraday pct gain since March 25

** Battery tech co says US government certifies its Riverside project under Advanced Energy Project Credit programme

** Adds it will receive $103 million in tax credits after placing first 11,000 tpa of graphite production in service as part of programme

** Stock up 12.7% so far this week, set for its best week since early January

** NVX trims YTD losses to 31.6%

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))