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Conservationists eager for plan to save rare eastern wolf in Quebec, OntarioSyrian Insurgents Reach the Capital’s Suburbs. Worried Residents Flee and Stock Up on SuppliesBRISBANE, Australia, Dec. 19, 2024 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or the “Company”), a leading battery materials and technology company announced today the Company’s participation in the American Active Anode Material Producers’ (“AAAMP”) petition to the U.S. Department of Commerce (“Commerce”) and the International Trade Commission (“ITC”) to investigate whether China is exporting natural and synthetic graphite used to make lithium-ion battery anode material at unfair prices to the United States. 1 The filing asserts China is harming the nascent domestic graphite industry by exporting artificially cheap battery-grade graphite into the U.S., denying North American producers a fair opportunity to enter the market. Experts at Buchanan Ingersoll & Rooney PC, the law firm handling the case, estimate dumping margins as high as 920%. If the investigation proves conclusive, Commerce will assess the use of additional tariffs equal to the extent of unfair pricing by the Chinese. China currently has over 95% market share for battery grade graphite. 2 Dr. Chris Burns, CEO of NOVONIX, said, “This is an important issue to address on the path to strengthening the production of critical minerals here in the U.S. and bringing fair competition to the global marketplace. We hope filing this case will bring transparency to the graphite anode market and drive further government action to utilize policies and tariffs in a manner commensurate with China’s unfair trade practices.” NOVONIX’s Riverside facility, located in Chattanooga, Tennessee, is poised to become the first large-scale production site dedicated to high-performance synthetic graphite for the battery sector in North America. It is slated to begin commercial production in 2025 with plans to grow output to 20,000 tonnes per annum to meet current customer commitments. Previously, the Company announced that the Department of Energy’s (“DOE”) Office of Manufacturing and Energy Supply Chains (“MESC”) awarded the Company a US$100 million grant 3 and that it was selected for a US$103 million investment tax credit 4 towards funding the Riverside facility. NOVONIX also recently announced receiving a conditional commitment from the DOE Loan Programs Office (“LPO”) for a direct loan of up to US$754.8 million to be applied towards partially financing a proposed new production facility also to be located in Chattanooga, Tennessee. 5 This case was filed by the AAAMP which is comprised of four members of the North American Graphite Alliance (“NAGA”), including NOVONIX, alongside two additional graphite anode material producers in the United States. NAGA represents American and Canadian producers of battery-grade natural and synthetic graphite, both of which are used to create anode material for lithium-ion batteries. NAGA encourages the U.S. Federal government to craft and implement policies, programs, and funding opportunities that support growing the domestic graphite industry. This announcement has been authorised for release by Admiral Robert J Natter, USN Ret., Chairman. About NOVONIX NOVONIX is a leading battery technology company revolutionizing the global lithium-ion battery industry with innovative, sustainable technologies, high-performance materials, and more efficient production methods. The Company manufactures industry-leading battery cell testing equipment, is growing its high-performance synthetic graphite material manufacturing operations, and has developed a patented all-dry, zero-waste cathode synthesis process. Through advanced R&D capabilities, proprietary technology, and strategic partnerships, NOVONIX has gained a prominent position in the electric vehicle and energy storage systems battery industry and is powering a cleaner energy future. To learn more, visit us at www.novonixgroup.com or on LinkedIn and X . For NOVONIX Limited Scott Espenshade, ir@novonixgroup.com (investors) Stephanie Reid, media@novonixgroup.com (media) Cautionary Note Regarding Forward-Looking Statements This communication contains forward-looking statements about the Company and the industry in which we operate. Forward-looking statements can generally be identified by use of words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or other similar expressions. Examples of forward-looking statements in this communication include, among others, statements we make regarding our plans to commence commercial production and meet our production target at our Riverside facility and our plans to build a new production facility and our efforts to finance this new production facility with a loan from the LPO. We have based such statements on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Such forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the timely deployment and scaling of our furnace technology, our ability to meet the technical specifications and demand of our existing and future customers, the accuracy of our estimates regarding market size, expenses, future revenue, capital requirements, needs and access for additional financing, the availability and impact and our compliance with the applicable terms of government support, including the DOE MESC grant and, if obtained, the LPO loan, our ability to obtain patent rights effective to protect our technologies and processes and successfully defend any challenges to such rights and prevent others from commercializing such technologies and processes, and regulatory developments in the United States, Australia and other jurisdictions. These and other factors that could affect our business and results are included in our filings with the U.S. Securities and Exchange Commission (“SEC”), including the Company’s most recent annual report on Form 20-F. Copies of these filings may be obtained by visiting our Investor Relations website at www.novonixgroup.com or the SEC’s website at www.sec.gov. Forward-looking statements are not guarantees of future performance or outcomes, and actual performance and outcomes may differ materially from those made in or suggested by the forward-looking statements contained in this communication. Accordingly, you should not place undue reliance on forward-looking statements. Any forward-looking statement in this communication is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law. 1 American-Graphite-Producers-File-Trade-Case-with-U.S.-Government-Over-Chinas-Manipulation-of-Global-Graphite-Market.pdf 2 Benchmark Minerals Intelligence Anode Price Assessment September 2024 3 NOVONIX Finalizes US$100 Million Grant Award from U.S. Department of Energy - NOVONIX 4 U.S. Government Selects NOVONIX to Receive US$103 Million in Qualifying Advanced Energy Project Tax Credits - NOVONIX 5 NOVONIX Offered Conditional Commitment for US$754 Million Loan from the U.S. Department of Energy for New Synthetic Graphite Manufacturing Plant in Tennessee - NOVONIX
Cannabis has come a long way from being just a recreational pastime. With increasing interest and understanding of its therapeutic potential, more consumers are learning how to customize their cannabis experience. A key element in this shift is terpenes , the aromatic compounds found in cannabis that not only influence its flavor and aroma but also its effects. As both seasoned cannabis users and newcomers explore cannabis, terpenes are becoming essential in choosing the right products to match specific wellness needs. What Are Terpenes, and Why Do They Matter? Terpenes are natural compounds found in many plants, including cannabis, that give each strain its unique scent. But terpenes do more than just smell good—they play a significant role in how cannabis affects your body and mind. While THC and CBD often take the spotlight, understanding how terpenes contribute to the overall cannabis experience is a game changer. Different terpenes have different effects, and this is where the real opportunity for customization comes in. Here’s a look at some of the most popular terpenes in cannabis: The Trend Toward Terpene-Focused Products As more consumers—both young and older—become educated about the different effects of cannabis, many are turning to terpene-specific products that align with their personal wellness goals. Rather than choosing products based solely on THC content, people are exploring the nuanced effects of terpenes to create more customized experiences. For example, younger consumers who might be using cannabis for stress relief or energy could turn to strains rich in limonene or pinene . Meanwhile, older consumers who may use cannabis for pain relief or sleep problems might gravitate toward strains with myrcene or caryophyllene (a terpene with potential anti-inflammatory benefits). This growing awareness has led brands to market their cannabis products around specific terpene profiles. Labels now often feature information on whether a strain is designed to be energizing , calming , or helpful for sleep . This shift reflects a broader trend toward personalized wellness —where consumers of all ages are empowered to choose products that fit their lifestyle and needs. Personalizing Your Cannabis Experience What’s exciting about the rise of terpene-focused cannabis products is the ability to customize your experience. Whether you’re a young professional looking for a boost of energy to power through the day or a retiree seeking relief from chronic pain or sleeplessness, there’s a terpene profile for you. With cannabis now available in various forms like edibles, oils, vapes, and tinctures, it’s easier than ever to find a method that suits your preferences. As consumers continue to learn more about the effects of different terpenes, the future of cannabis will likely see even more targeted products—tailored not only to age and lifestyle but also to specific health and wellness goals. Whether you’re just starting to explore cannabis or have been using it for years, understanding terpenes is the key to unlocking a more personalized and effective cannabis experience.
The counting of votes will be undertaken at 8 am on Saturday in where the election is witnessing a major battle. Colaba (number 187), part of the Mumbai South Lok Sabha constituency, is set for a competitive showdown in the 2024 Maharashtra Assembly elections. Known for its urban population and strategic location in Mumbai, Colaba is a general seat with a diverse electorate. The constituency, while historically a battleground for various political parties, has seen a dominant BJP presence in recent years, making it a key focus for both major political parties in the state. The 2024 elections will see the incumbent BJP MLA Rahul Narwekar seek re-election to a second consecutive term. Narwekar, who won the seat in 2019 with a decisive 53.85 percent vote share, will face a challenge from Heera Navji Devasi of the Congress party. Devasi, a seasoned political figure with deep local ties, will aim to capitalise on any discontent with the current BJP government. Although Congress faces an uphill battle in unseating the sitting BJP MLA, Devasi’s focus on local issues could sway voter sentiment. A total of 13 candidates are contesting from the constituency. In the 2019 Maharashtra Assembly elections, Rahul Narwekar secured a commanding victory with 57,420 votes, capturing 53.85 percent of the vote share. He defeated Congress’ Ashok Jagtap by a margin of 16,195 votes (15.61 percent). This solid victory came after a similarly strong performance by BJP’s Raj K. Purohit in 2014, who also won with a substantial margin. Key issues in Colaba include urban development, housing, and basic infrastructure, with residents voicing concerns over rising property prices and limited civic amenities. Narwekar, a prominent BJP leader, has often focused on urban planning and development, while Devasi’s campaign will likely focus on community issues and addressing local grievances, seeking to resonate with voters dissatisfied with the BJP’s governance. In the 2019 elections, Colaba had a total electorate of 2,66,587 voters, including 1,55,265 male voters and 1,11,319 female voters. Voter turnout, however, was relatively low, with just 40 percent of eligible voters casting their ballots. This is lower than the 46.19 percent turnout in 2014, reflecting a consistent trend of modest voter engagement in the constituency. Colaba went to polls on November 20, alongside other constituencies in Maharashtra. Results will be declared on Saturday. With the BJP looking to retain its hold on this vital constituency, all eyes will be on whether Congress can disrupt the BJP’s dominance in Colaba. Colaba emerged as a key battleground, recording a voter turnout of 44.44 percent.
TORONTO — Canada's main stock index gained more than 150 points Wednesday after the Bank of Canada cut interest rates, while U.S. stock markets were mixed, led by a 1.8 per cent gain on the Nasdaq after the latest inflation report. The Bank of Canada cut its key interest rate by half a percentage point to 3.25 per cent. The outsized interest rate cut didn’t come as a surprise, but was welcomed by markets, said Brian Madden, chief investment officer with First Avenue Investment Counsel. On the TSX, “the leadership seems to be a combination of rate-sensitive areas like real estate and financials, and then pro-growth cyclicals like tech, indicating the strength in the U.S.,” he said. The S&P/TSX composite index closed up 153.37 points at 25,657.70. “With the policy rate now substantially lower, we anticipate a more gradual approach to monetary policy if the economy evolves broadly as expected,” he said. It was noteworthy that the Bank of Canada gave such a strong indication of what’s to come, said Madden. In New York, the Dow Jones industrial average was down 99.27 points at 44,148.56. The S&P 500 index was up 49.28 points at 6,084.19, while the Nasdaq composite was up 347.65 points at 20,034.89. Governor Tiff Macklem said the central bank will likely take a more cautious tack after December. In the U.S., the latest report on consumer inflation showed price growth ticked higher in November to 2.7 per cent. The “hotly anticipated” report came in exactly as expected, said Madden, and markets took it largely as good news. The U.S. Federal Reserve is still “all but certain” to cut its own rate by a quarter of a percentage point next week, said Madden. Also helping markets Wednesday were tech stocks, with Google continuing its gains from the day before after announcing its new quantum computing chip. The tech giant’s stock rose 5.5 per cent. Another tech name in the news was Broadcom, which saw its stock rise 6.6 per cent after an announcement that it’s working with Apple to develop an AI chip, noted Madden. Broadly, Wednesday saw a continuation of the momentum markets have enjoyed since the U.S. election, said Madden. The Canadian dollar traded for 70.65 cents US compared with 70.59 cents US on Tuesday. The January crude oil contract was up US$1.70 at US$70.29 per barrel and the January natural gas contract was up 22 cents at US$3.38 per mmBTU. The February gold contract was up US$38.30 at US$2,756.70 an ounce and the March copper contract was down a penny at US$4.26 a pound. — With files from The Associated Press This report by The Canadian Press was first published Dec. 11, 2024. Companies in this story: (TSX:GSPTSE, TSX:CADUSD) Rosa Saba, The Canadian PressLindsey Vonn competes in a pair of downhills, another step on her comeback trail at the age of 40
Published 02:29 IST, December 12th 2024 Russian President Putin Praises Indian Prime Minister Narendra Modi's Vision, His Future-Thinking Leadership and India's Growth at Russia Event New Delhi: Russian President Vladimir Putin lauded Indian Prime Minister Narendra Modi's leadership and vision at a recent event in Russia, highlighting the significant development steps India has taken under his guidance. Noting that he has been in regular engagement with PM Modi, Putin expressed admiration for the Prime Minister’s initiatives such as ‘Make in India’, and hailed his forward-thinking approach to the country’s development. Emphasizing Prime Minister Modi’s dedication to steering India towards a technologically advanced future, Russian President Putin said, "Incidentally, we have regular contacts with Prime Minister Modi, and we speak on these matters. Of course, his initiative, Make in India, is great, but he's also a person who looks into the future, and this is a fact. We always talk about these opportunities with him, and I think you can feel that." The Russian President also praised PM Modi's economic policies while acknowledging India’s impressive growth globally. He said, "The Prime Minister is always trying to nudge India towards this development, towards pursuing high technology, and the results are evident.” “India demonstrates the highest growth rates among developing nations, and this is something to congratulate you on," Putin asserted, highlighting India's success in driving economic expansion and technological innovation. The Russian president’s remarks have come at a time when India is increasingly being recognised for its dynamic growth and strategic focus on high-tech industries. Additionally, the praise from Putin also underscores the growing bilateral strength between Russia and India. Notably, the ‘Make in India’ campaign, launched by Prime Minister Modi in 2014, aims to turn India into a global manufacturing hub, attracting foreign investment and boosting domestic industries. Moreover, the initiative focused on making India, a self-dependent country, eventually increasing the country’s exports globally. Under PM Modi’s leadership, India has made significant progress in several sectors, including technology, infrastructure, and digital innovation, solidifying its position as one of the fastest-growing economies in the world. Get Current Updates on India News , Entertainment News along with Latest News and Top Headlines from India and around the world. Updated 02:29 IST, December 12th 2024
Digital Gift Cards: The Next Frontier in Cross-Border E-CommerceThe e-commerce landscape has seen rapid evolution over the past decade, and digital gift cards have emerged as a dynamic force within this space. With their convenience, flexibility, and easeBlues host the Flyers after Holloway's 2-goal game
Conservationists eager for plan to save rare eastern wolf in Quebec, OntarioTORONTO — Canada's main stock index gained more than 150 points Wednesday after the Bank of Canada cut interest rates, while U.S. stock markets were mixed, led by a 1.8 per cent gain on the Nasdaq after the latest inflation report. The Bank of Canada cut its key interest rate by half a percentage point to 3.25 per cent. The outsized interest rate cut didn’t come as a surprise, but was welcomed by markets, said Brian Madden, chief investment officer with First Avenue Investment Counsel. On the TSX, “the leadership seems to be a combination of rate-sensitive areas like real estate and financials, and then pro-growth cyclicals like tech, indicating the strength in the U.S.,” he said. The S&P/TSX composite index closed up 153.37 points at 25,657.70. “With the policy rate now substantially lower, we anticipate a more gradual approach to monetary policy if the economy evolves broadly as expected,” he said. It was noteworthy that the Bank of Canada gave such a strong indication of what’s to come, said Madden. In New York, the Dow Jones industrial average was down 99.27 points at 44,148.56. The S&P 500 index was up 49.28 points at 6,084.19, while the Nasdaq composite was up 347.65 points at 20,034.89. Governor Tiff Macklem said the central bank will likely take a more cautious tack after December. In the U.S., the latest report on consumer inflation showed price growth ticked higher in November to 2.7 per cent. The “hotly anticipated” report came in exactly as expected, said Madden, and markets took it largely as good news. The U.S. Federal Reserve is still “all but certain” to cut its own rate by a quarter of a percentage point next week, said Madden. Also helping markets Wednesday were tech stocks, with Google continuing its gains from the day before after announcing its new quantum computing chip. The tech giant’s stock rose 5.5 per cent. Another tech name in the news was Broadcom, which saw its stock rise 6.6 per cent after an announcement that it’s working with Apple to develop an AI chip, noted Madden. Broadly, Wednesday saw a continuation of the momentum markets have enjoyed since the U.S. election, said Madden. The Canadian dollar traded for 70.65 cents US compared with 70.59 cents US on Tuesday. The January crude oil contract was up US$1.70 at US$70.29 per barrel and the January natural gas contract was up 22 cents at US$3.38 per mmBTU. The February gold contract was up US$38.30 at US$2,756.70 an ounce and the March copper contract was down a penny at US$4.26 a pound. — With files from The Associated Press This report by The Canadian Press was first published Dec. 11, 2024. Companies in this story: (TSX:GSPTSE, TSX:CADUSD) Rosa Saba, The Canadian Press