Commodities

Canada Graphite Firms Soar After US Sets Anti-Dumping Duties

The Northern Graphite mine in Lac-des-Iles, Quebec.
Photographer: Sebastien St-Jean/AFP/Getty Images

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By Doug Alexander

July 17, 2025 at 7:53 PM UTC

Updated on

July 17, 2025 at 9:03 PM UTC

Canadian graphite firms Nouveau Monde Graphite Inc. and Northern Graphite Corp. surged after the US Commerce Department imposed preliminary anti-dumping duties of 93.5% on Chinese imports of the key battery material.

Nouveau Monde jumped 27% and Northern Graphite soared 50% by Thursday’s close of trading in Toronto.