NGC MORNING BRIEF Graphite is the only mineral that OEM's have been given a two year pass on. They will be able to buy Chinese graphite and still qualify for the $7500.00 rebate at point of sale until January 1 2027.
Thus Canadian graphite miners are in the enviable position of being needed by the US government to move their EV adoption forward.
NOU and NGC both being the two main companies that the US government is initially relying on for a North American supply. There will be other companies that will be supported in addition to NOU and NGC in the coming years.
Both these companies will receive money from the US DOD the only question remains is how much and when.
In the opinion of the Morning Brief staff the when will be sometime before July 5, 2024 and quite likely by June 15 of this year.
The only question remaining is how much. This money received will be restricted and will be targeted to specific projects within both companies.
The EV industry needs both these companies in full production by 2027 providing anode material.
The Morning Brief holds an equity position in NGC and no position in NOU.
Good luck to all equity holders in both companies.