Business
Northern Graphite Comments on US Department of Commerce Preliminary Decision to Place Tariffs of up to 721% on China Graphite AAM
Ottawa, Ontario--(Newsfile Corp. - May 21, 2025) - Northern Graphite Corporation (TSXV: NGC) (OT...
About this update from Northern Graphite Corporation
[{"type":"text","content":"Northern Graphite Comments on US Department of Commerce Preliminary Decision to Place Tariffs of up to 721% on China Graphite AAMOttawa, Ontario--(Newsfile Corp. - May 21, 2025) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the \"Company\" or \"Northern\") is pleased to comment on a U.S. Department of Commerce (\"Commerce\") preliminary decision to impose tariffs of up to 721% on natural and artificial graphite active anode material (AAM) from China.\"While still preliminary, this marks an important development for North American producers and for Northern Graphite in particular. As the only current producer of natural graphite in North America - and with plans to build a battery materials facility in Canada - we are positioned to help meet the growing demand for secure, local and sustainable anode material supply,\" said Northern Chief Executive Officer Hugues Jacquemin. \"The U.S. Department of Commerce's decision sets the stage for meaningful anti-subsidy duties on Chinese graphite active anode material and marks a major step toward leveling the playing field and creating local demand.\"The decision is the result of an investigation by Commerce to assess whether the Chinese government is subsidizing the production and supply of graphite AAM to the United States. Commerce is due to issue a second preliminary decision in July on an antidumping investigation into Chinese graphite imports. A final determination for both investigations will be issued around December 5, 2025.AAM is produced by upgrading graphite mine concentrates for use in lithium ion batteries and it is their largest component. Approximately 90% of this upgrading is currently done in China, spurring other regions to take actions like implementing tariffs and strategic raw materials acts to help establish the industry in the West and build independent supply chains.\"On May 20, 2025, the U.S. Department of Commerce announced its preliminary affirmative determination in the countervailing duty (CVD) investigation of active anode material from the People's Republic of China (China). Commerce is also conducting concurrent antidumping duty (AD) investigation of active anode material from China,\" Commerce stated on its website.The antidumping and countervailing duty cases were initiated by the American Active Anode Material Produce...