United States Government to Reinstate Section 301 Import Tariffs on Artificial Graphite from China

May 30, 2024

BRISBANE, Australia, May 31, 2024 (GLOBE NEWSWIRE) — NOVONIX Limited (NASDAQ:NVX, ASX:NVX) (“NOVONIX”), a leading battery materials and technology company, today applauded the recent announcement by the United States Trade Representative (USTR) on Section 301 tariffs, removing the current exclusions and reimposing the 25% tariff on artificial graphite and natural graphite powder imported from China effective June 15, 2024.1 In addition, USTR previously announced new tariffs on natural flake graphite on May 14, 2024, increasing to 25% in 2026.2

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