An update from Calix Ltd. ( (AU:CXL) ) is now available.
Calix Limited announced that its water treatment products sold in the U.S. are exempt from the tariffs imposed by the Trump administration, due to compliance with the United States-Mexico-Canada Agreement (USMCA). This exemption is significant for Calix as its Magnesia business, which heavily relies on U.S. sales, constitutes a major portion of the company’s revenue. The exemption positions Calix favorably in the U.S. market, especially given the country’s reliance on magnesia imports, predominantly from China, which are subject to tariffs.
More about Calix Ltd.
Calix Limited is an Australian environmental technology company focused on industrial decarbonisation and sustainability. The company offers a unique patented core platform technology that enables efficient, precise, and renewable mineral processing while capturing industrial emissions.
YTD Price Performance: -65.33%
Average Trading Volume: 470,449
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$65.47M
For a thorough assessment of CXL stock, go to TipRanks’ Stock Analysis page.