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An announcement from Australian Strategic Materials Ltd ( (AU:ASM) ) is now available.
ASM has announced a significant sale of 60 tonnes of high-purity NdFeB alloy to Noveon Magnetics, reinforcing their strategic relationship and supporting Noveon’s production of US-made permanent magnets. This transaction underscores ASM’s role as a key supplier in the rare earths and critical metals supply chain and highlights their intent to expand manufacturing capabilities in the US, strengthening their position as a non-China supplier.
The most recent analyst rating on (AU:ASM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Australian Strategic Materials Ltd stock, see the AU:ASM Stock Forecast page.
More about Australian Strategic Materials Ltd
Australian Strategic Materials Limited (ASM) operates in the critical metals and alloys industry, focusing on the production of high-purity NdFeB alloy. The company is strategically positioned to supply critical materials for industries such as defense, energy technologies, and electric vehicles, with a market focus on establishing secure and sovereign supply chains.
Average Trading Volume: 2,371,449
Technical Sentiment Signal: Sell
Current Market Cap: A$168.9M
Find detailed analytics on ASM stock on TipRanks’ Stock Analysis page.