Close the Loop Ltd. Anticipates Positive Impact from New Tariffs

An update from Close the Loop Ltd. ( (AU:CLG) ) is now available.

Close the Loop Ltd. announced that recent changes in tariffs by the US government and other countries are expected to have a favorable impact on its operations. The increased tariffs on new electronics are likely to boost demand for certified refurbished products, benefiting the ITAD sector and Close the Loop. The company anticipates that the demand for less expensive recycled products will outweigh any negative effects of tariffs on their operations, particularly in their Mexicali, Texas, and Kentucky facilities.

More about Close the Loop Ltd.

Close the Loop Ltd. is a global leader in the circular economy with operations in the United States, Australia, South Africa, and Europe. The company focuses on collecting and refurbishing products such as laptops, printers, teleconferencing equipment, and gaming devices, as well as providing sustainable packaging solutions. Their goal is ‘Zero Waste to Landfill,’ and they emphasize global expansion and sustainability.

YTD Price Performance: -63.33%

Average Trading Volume: 951,281

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$46.8M

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