Northern Graphite Comments on US Department of Commerce Preliminary Decision to Place Tariffs of up to 721% on China Graphite AAM
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)
(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
Producers (AAAMP) alongside other North American AAM industry petitioners with Commerce and the
International Trade Commission (ITC) in December 2024.
About Northern Graphite
Northern, the only flake graphite producing company in North America, is a Canadian, TSX Venture
Exchange listed company that is focused on becoming a world leader in producing natural graphite and
upgrading it into high-value products critical to the green economy, including anode material for lithium-
ion batteries/EVs, fuel cells and graphene, as well as advanced industrial technologies. The Company's
mine-to-battery strategy is spearheaded by its Battery Materials Division, which has a fully equipped,
state-of-the-art laboratory in Frankfurt and is focused on developing advanced anode materials to
improve the cycle life and increase the charging rate of lithium ion batteries.
Northern's graphite assets include the producing Lac des Iles mine in Quebec where the Company plans
to increase production to meet growing demand from industrial customers and coming demand from
North American battery makers. The Company also owns the large-scale, advanced stage Bissett Creek
project in Ontario, the Mousseau Project in Quebec and the fully permitted Okanjande graphite mine in
Namibia that is currently on care and maintenance. All projects have "battery quality" graphite and are
located close to infrastructure in politically stable jurisdictions.
For media inquiries contact
Pav Jordan, VP of Communications
Email:
For additional information
Please visit the Company's website at
https://www.northerngraphite.com/home/
, the Company's profile
on
www.sedarplus.ca
our
Social Channels
listed below or contact the Company at (613) 271-2124.
YouTube
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain "forward-looking statements" within the meaning of applicable
Canadian securities laws. Forward-looking statements and information are frequently characterized by
words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential",
"possible" and other similar words, or statements that certain events or conditions "may", "will",
"could", or "should" occur. Forward-looking statements in this news release include statements
regarding, among others, the Company's plans to extend the mine life of its LDI mine, develop its
Baie-Comeau Battery Anode Material facility, intentions to restart the Okanjande mine in Namibia
and development plans for its other projects including Bissett Creek. All such forward-looking
statements are based on assumptions and analyses made by management based on their
experience and perception of historical trends, current conditions and expected future developments,
as well as other factors they believe are appropriate in the circumstances. However, these statements
are subject to a variety of risks and uncertainties and other factors that could cause actual events or
results to differ materially from those projected including, but not limited to, unexpected changes in
laws, rules or regulations, or their enforcement by applicable authorities; the failure of other parties to
perform as agreed; social or labour unrest; changes in commodity prices; unexpected failure or
inadequacy of infrastructure and the failure of ongoing and contemplated studies to deliver
anticipated results or results that would justify and support continued studies, development or
operations and the inability to raise required financing. Readers are cautioned not to place undue
reliance on forward-looking information or statements.
Although the forward-looking statements contained in this news release are based on what
management believes are reasonable assumptions, the Company cannot assure investors that
actual results will be consistent with them. These forward-looking statements are made as of the date
of this news release and are expressly qualified in their entirety by this cautionary statement. Subject
to applicable securities laws, the Company does not assume any obligation to update or revise the
forward-looking statements contained herein to reflect events or circumstances occurring after the
date of this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
news release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/252900