Ms. Rita Adiani reports
TITAN MINING WELCOMES U.S. AD/CVD DETERMINATION IMPOSING AT LEAST 160% DUTIES ON CHINESE GRAPHITE IMPORTS
Titan Mining Corp. has commented on the U.S. Department of Commerce's finalization of aggregate anti-dumping and countervailing duties (AD/CVD) of at least 160 per cent on certain Chinese graphite imports.
The determination reflects the U.S. Department of Commerce's conclusion that Chinese graphite has been unfairly dumped and subsidized in the U.S. market.
Highlights:
-
Department of Commerce determined aggregate AD/CVD rates of at least approximately 160 per cent on certain Chinese graphite imports; this significantly enhances Titan's position as the only U.S. end-to-end natural flake graphite producer, scaling capacity;
- Minimum five-year duration if affirmed by the U.S. International Trade Commission (ITC) in March, 2026;
- These duties are separate and in addition to other existing U.S. import tariffs;
- Supports development of a secure, domestic graphite supply.
Rita Adiani, president and chief executive officer of Titan Mining, commented:
"The imposition of aggregate AD/CVD duties of at least 160 per cent represents a structural shift in the U.S. graphite market. The magnitude of these duties materially alters the economics of Chinese graphite imports and reinforces the need for a secure, domestic natural graphite supply."
The United States currently imports 100 per cent of its natural graphite requirements across all forms, while China accounts for the majority of global production and downstream processing capacity. This concentration of supply presents a strategic vulnerability across defence, advanced manufacturing, energy storage and industrial applications.
Titan's Kilbourne graphite demonstration facility in St. Lawrence county, New York, is producing natural flake graphite concentrate and advancing customer qualification. The company is progressing scale-up of its facility for a planned 40,000-metric-tonne-per-annum integrated mining and processing operation designed to supply close to 50 per cent of U.S. demand.
About Titan Mining Corp.
Titan is an Augusta Group company that produces zinc concentrate at its 100-per-cent-owned Empire State mine located in New York state. Titan is also a natural flake graphite producer and the United States' first end-to-end producer of natural flake graphite in 70 years. Titan's goal is to deliver shareholder value through operational excellence, development and exploration. The company has a strong commitment toward developing critical minerals assets, which enhance the security of the domestic supply chain.
We seek Safe Harbor.
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