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Calix Ltd. ( (AU:CXL) ) has shared an announcement.
Calix has entered 2026 by securing a Joint Development Agreement with Rio Tinto, positioning one of the world’s largest iron ore producers as a strategic partner for its Zesty green iron technology, with Rio Tinto set to contribute more than A$35 million in value on top of earlier grant funding from ARENA. The company has also advanced its broader decarbonisation strategy through a new partnership with Norsk Hydro to apply its technology in alumina refineries, completing the first phase of material testing from Hydro’s Alunorte plant in Brazil, underscoring Calix’s progress from a novel kiln concept to a platform technology being deployed with leading global industrial players.
The most recent analyst rating on (AU:CXL) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Calix Ltd. stock, see the AU:CXL Stock Forecast page.
More about Calix Ltd.
Calix Limited is an industrial technology company focused on developing and commercialising kiln-based process technologies for heavy industries, including minerals and metals processing. Its platform aims to decarbonise sectors such as iron, alumina, lime and water treatment by enabling lower-emission, more efficient production processes, supported by partnerships with major global producers and a growing base of commercial revenue.
Average Trading Volume: 773,327
Technical Sentiment Signal: Buy
Current Market Cap: A$285.6M
Find detailed analytics on CXL stock on TipRanks’ Stock Analysis page.