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flag US grants $754.9M loan to Australian company for Tennessee graphite plant to reduce reliance on Chinese imports.

flag The US Department of Energy has granted a $754.9 million loan to Novonix, an Australian graphite maker, to build a manufacturing facility in Chattanooga, Tennessee. flag The project aims to reduce US reliance on critical minerals, especially from China, by producing graphite for lithium-ion batteries. flag Meanwhile, US graphite producers are urging the government to impose a 920% tariff on Chinese graphite imports, citing unfair competition from artificially low prices.

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