Graphex Group ADR Rep 20 Ord Shs GRFX

Graphex Group Ltd is an investment holding company principally engaged in the provision of processing and sale of graphite products. The Company operates its business through three segments. The Graphene Business segment is engaged in the development, production and sale of spherical graphite and graphene to enhance renewable energy. The Segment is also engaged in the development, production and sale of key components in electric vehicles (EVs) and lithium-ion batteries as well as in other uses. The Segment has commercial experience in the deep processing of graphite and producing battery grade purified spherical graphite. The Landscape Design Services segment is engaged in the provision of landscape design services. The Catering segment is engaged in management and operation of restaurants serving Thai cuisine in China and Italy under the brand name of ‘Thai Gallery'. The Company’s principal offices is in Hong Kong and its regional offices in Shanghai and Royal Oak, MI, USA.

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Graphex Group ADR Rep 20 Ord Shs > Impact

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Post by TheBridgeon Dec 20, 2024 10:27am

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Impact

A trade association representing US graphite producers filed petitions with two federal agencies on Tuesday, Dec. 17, 2024 after the close of business asking for investigations into whether Chinese companies are violating anti-dumping laws, accordingt to documents seen by Bloombery News.
The industry group hopes to trigger punitive tariffs of as much as 920% on Chinese graphite in response.
Now, how will that impact GRFX which has been dead in the water for the last year?

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