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An announcement from Elementos Limited ( (AU:ELT) ) is now available.
Elementos Limited has signed a binding agreement to acquire a 50% interest in Iberian Smelting SL, the operator of the Robledollano Tin Smelter in Spain, through a five-year option agreement valued at €3.625 million. This strategic move positions Elementos as a vertically integrated tin supplier in the EU, reducing environmental impacts and costs associated with exporting tin concentrate to Asia, and capitalizing on the European and North American markets’ premium prices for refined tin ingots.
The most recent analyst rating on (AU:ELT) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on Elementos Limited stock, see the AU:ELT Stock Forecast page.
More about Elementos Limited
Elementos Limited is a company involved in the mining and metals industry, focusing on the production and supply of tin. The company is working towards establishing a vertically integrated tin supply chain within the European Union, aiming to become a significant player in the global tin market.
YTD Price Performance: 235.71%
Average Trading Volume: 165,146
Technical Sentiment Signal: Hold
Current Market Cap: A$69.35M
Find detailed analytics on ELT stock on TipRanks’ Stock Analysis page.