Novonix falls after US ITC rejects tariffs on Chinese graphite anode materials

Novonix

13/03/2026 24:02

** Shares of Australia's Novonix NVX.AX fall as much as 6.7% to A$0.280, their lowest level since mid-May 2020

** The battery metals and tech co expresses disappointment with the final determination of the U.S. International Trade Commission (ITC)

** ITC determined Chinese imports of anode active material have not "materially retarded" the U.S. graphite industry

** In December 2024, co joined petition urging U.S. authorities to investigate China's alleged dumping of battery-grade graphite at unfair prices, potentially harming domestic producers

** Stock has fallen 33.3% this year, including session moves

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))