Novonix Achieves Mass Production Milestone in North American Synthetic Graphite

Novonix, an Australian battery and technology company, has achieved a significant milestone by delivering its first mass production batch of commercial-grade synthetic graphite to a major North American processor. This accomplishment demonstrates the company's proprietary continuous graphitization furnace technology can operate at industrial scale, enabling diversification beyond the battery sector and strengthening its market position. The Riverside facility in Chattanooga will start full-scale production next year for Panasonic, with plans for a second plant to increase capacity to over 50,000 tonnes annually. This expansion allows Novonix to optimize production and tap into new revenue streams across various industrial applications, such as lubricants and conductive coatings. The milestone reinforces Novonix's strategic focus on synthetic graphite and its commitment to advancing battery innovation and industrial material supply. Meanwhile, the broader market context includes a cautious Reserve Bank of Australia amid high CPI, and selective market reactions to U.S. policy announcements affecting sectors like healthcare and gold.