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The latest update is out from K-TIG Ltd ( (AU:MPW) ).
Metal Powder Works Limited has announced a significant commercial milestone through its collaboration with Hardchrome Engineering. The partnership has resulted in the successful market entry of MPW’s bronze powder solutions for laser cladding applications, with expected sales of USD 1-2 million over the next 12 months. This achievement highlights MPW’s competitive cost advantage and rapid innovation capabilities, positioning the company to capture additional market opportunities in the growing laser cladding market, which is projected to reach approximately USD 1.4 billion by 2030.
The most recent analyst rating on (AU:MPW) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on K-TIG Ltd stock, see the AU:MPW Stock Forecast page.
More about K-TIG Ltd
Metal Powder Works Limited (ASX: MPW) is a leading producer of premium metal powders for additive manufacturing and advanced industrial applications. The company focuses on providing innovative powder solutions for industries such as aerospace, automotive, oil & gas, and power generation.
Average Trading Volume: 409,005
Technical Sentiment Signal: Sell
Current Market Cap: A$387.8M
For detailed information about MPW stock, go to TipRanks’ Stock Analysis page.