Novoix rose more than 12% before trading to reach a joint development and investment agreement with LG Energy Solution.

[Novoix rose more than 12% before trading to reach a joint development and investment agreement with LG Energy Solution] the NOVONIX US stock rose more than 12% to $2.96 before trading. The Australian lithium-ion battery company and LG Energy Solution have reached a joint development agreement and a $30 million investment agreement for artificial graphite anode materials.