IN BRIEF: Blencowe shares rise on latest US graphite trade measures
Blencowe Resources PLC - developing the Orom-Cross graphite project in Uganda - Notes US Department of Commerce's recent determination imposing roughly 160% antidumping and countervailing duties on graphite active anode material imports from China. Says a final affirmative determination is expected in March from the US International Trade Commission. If this happens, Blencowe expects the measures to apply for at least five years and to be additive to existing tariffs. Says the measures reinforce "the accelerating policy-driven transition toward secure, diversified, non-China graphite supply chains across both battery and advanced industrial markets." Believes they also "underpin the long-term development case for Orom-Cross across multiple high-value end markets", as the project is well-positioned "to support this evolving supply landscape". Read More