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Northern Graphite Comments on Impacts of US Decision to Impose Antidumping Tariffs on Chinese Graphite
Ottawa, Ontario--(Newsfile Corp. - July 22, 2025) - Northern Graphite Corporation ( TSXV: ...
About this update from Northern Graphite Corporation
[{"type":"text","content":"Northern Graphite Comments on Impacts of US Decision to Impose Antidumping Tariffs on Chinese GraphiteOttawa, Ontario--(Newsfile Corp. - July 22, 2025) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE:0NG) (XSTU: 0NG) (the \"Company\" or \"Northern\") is pleased to provide comment on and clarify recent developments in the US critical minerals industry that promote a shift toward domestic sourcing of graphite based active anode material (\"AAM\"), the largest component of lithium-ion batteries used in everything from power tools to electric vehicles.The U.S. Department of Commerce's (\"Commerce\") preliminary determination last week that China is dumping AAM into the American market marks a change in the North American battery materials landscape, especially when viewed alongside President Donald Trump's \"Big Beautiful Bill.\" In its July 17 determination, Commerce imposed preliminary anti-dumping (AD) tariffs of 93.5% on imports of Chinese graphite-based active anode material, including AAM within finished lithium-ion batteries. The effective tariff rate for AAM is now 160% when added to countervailing duty (CVD) tariffs of 11.5% placed by Commerce in May, President Trump's blanket 30% tariff on goods from China, and 25% Section 301 tariffs implemented by USTR last year.The measures are effective almost immediately and are retroactive, meaning importers must post large cash deposits on recent and future shipments. In a statement posted to its website, Commerce noted the value of AAM imports from China amounted to US$350 million in 2023 and $380 million in 2022. Commerce identified a number of Chinese firms subject to the preliminary 93.5% duties, while others that were not specifically listed and which are not able to demonstrate independence from the Chinese government, will face even higher rates of 102.72%.\"Following the recent passing of the Big Beautiful Bill, which already puts pressure on battery manufacturers to source their materials from outside China or risk losing access to the 45X tax credit, this determination increases the likelihood that U.S. battery manufacturers will turn to regional suppliers like Northern,\" said Northern Chief Executive Officer Hugues Jacquemin. \"Together, these developments strongly favour domestic sourcing and represent a historic opportunity for North America's...