Westwater Resources Supports U.S. DOC's Preliminary Determination In Countervailing Duty Investigation Of Anode Material From People's Republic Of China
Benzinga · 05/29 10:33
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Initial Ruling Finds Chinese Producers are Receiving Unfair Government Subsidies
U.S. - Imposed Tariffs Should Benefit Domestic Anode Producers
Westwater Resources, Inc. (NYSE:WWR), an energy technology and battery-grade natural graphite company ("Westwater" or the "Company"), announced today its support of the U.S. Department of Commerce's ("DOC") preliminary determination in the countervailing duty investigation of anode material from the People's Republic of China. The DOC's initial ruling determined that Chinese producers of anode material are receiving unfair government subsidies, and as a result, are now expected to be subject to U.S. import tariffs of up to 721%.
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