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Australian Strategic Materials Ltd ( (AU:ASM) ) has issued an announcement.
Australian Strategic Materials Ltd (ASM) has responded to an ASX price query, stating it is unaware of any undisclosed information that could explain the recent trading activity in its securities. The company attributes the market volatility to geopolitical tensions, specifically US trade tariffs and China’s export restrictions on rare earth elements. ASM emphasizes its strategic position to provide alternative supply solutions, which may have increased demand for its shares amid these developments.
More about Australian Strategic Materials Ltd
Australian Strategic Materials Ltd (ASM) operates in the rare earth elements industry, focusing on providing a broad portfolio of rare earth products from ore to alloy. The company aims to offer an alternative supply chain solution outside of China’s influence, addressing vulnerabilities in global supply chains due to China’s dominance in rare earth mining and production.
YTD Price Performance: -26.42%
Average Trading Volume: 157,010
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$70.72M
Find detailed analytics on ASM stock on TipRanks’ Stock Analysis page.