NOVONIX Enters into a Conditional Agreement with SAMSUNG SDI

  • Dec 09, 2019 AEDT
  • Team Kalkine

NOVONIX Limited (ASX: NVX), an integrated developer and supplier of high-performance material, has entered into a conditional agreement to supply lithium-ion battery anode material to SAMSUNG SDI.

  • Every year larger volume will be considered, and it will depend on supply market conditions, performance by NOVONIX and SAMSUNG SDI overall requirements;
  • Under the agreement NOVONIX will supply Samsung 500 tonnes of its graphite anode material from October 2020.

At AEST 01:41PM, the stock was trading at $0.630 per share, up by 8.6% from its previous close.


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