Nippon Steel, Sojitz to take 49% stake in Champion Iron’s project in Canada
The Kami project will also receive up to A$490 million in contributions from Nippon and Sojitz.
Australia’s Novonix Ltd said on Thursday it had joined a petition urging US authorities to investigate China’s alleged dumping of battery-grade graphite at unfair prices, potentially harming domestic producers.
The battery metals and technology company has joined the American Active Anode Material Producers (AAAMP) in filing the petition.
“The filing asserts China is harming the nascent domestic graphite industry by exporting artificially cheap battery-grade graphite into the US, denying North American producers a fair opportunity to enter the market,” Novonix said in a statement.
North American graphite miners asked the US government on Wednesday to impose a tariff as high as 920% on Chinese suppliers of the battery metal to counter what they describe as Beijing’s “malicious trade practices.”
In a separate statement, Australia’s Syrah Resources said its unit, Syrah Technologies LLC, filed an anti-dumping and countervailing duty petition with the US Department of Commerce and the International Trade Commission.
Syrah’s petition, submitted in collaboration with the North American Graphite Alliance, seeks an investigation into Chinese exports of natural and synthetic graphite active anode material used in lithium-ion batteries.
(By Roshan Thomas and Melanie Burton; Editing by Shreya Biswas)
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