Investors Line up for this ASX Battery Mineral Stock

Consecutive binding offtake agreements reported by NOVONIX evoked strong interest of investors. The share jumped by 30% in a single day.?

NOVONIX Limited (ASX: NVX

NOVONIX Limited (ASX: NVX) is a leading player in the battery materials and technology sector and has made significant progress in the supply of synthetic graphite, particularly for the EV battery industry. The company recently signed two major binding offtake agreements which will enlarge significantly its role in the growing battery supply chain. The first, signed on November 25, 2024, with PowerCo SE, Volkswagen's battery division, commits NOVONIX to supply a minimum of 32,000 tonnes of high-performance synthetic graphite over a five-year term from 2027 to 2031. The material will serve PowerCo's battery cell production for its gigafactories in Europe and North America which includes locations in Germany, Spain and Canada. This deal builds on a prior non-exclusive testing and development agreement and signals NOVONIX’s growing influence in the global battery materials sector.?

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