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Suvo Strategic Minerals ( (AU:SUV) ) has shared an update.
Suvo Strategic Minerals Ltd. has extended its take or pay Offtake Agreement with Chaozhou Chengcheng Industrial Co., Ltd. for the supply of hydrous kaolin, valued at approximately A$6.56 million, until February 2030. This extension includes a 25% annual increase in minimum order volumes, highlighting the growing demand and successful marketing efforts in China, which is expected to boost sales volumes in 2025 and contribute positively to Suvo’s financial performance and operational growth.
More about Suvo Strategic Minerals
Suvo Strategic Minerals Ltd. operates in the mining industry, focusing on the extraction and supply of minerals. The company’s primary product is hydrous kaolin, sourced from its operations in Pittong, Victoria, which is used in various industrial applications. Suvo has a market focus on expanding its footprint in the mineral supply sector, particularly in regions like China, through strategic partnerships and agreements.
YTD Price Performance: -20.0%
Average Trading Volume: 668,959
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$32.3M
See more data about SUV stock on TipRanks’ Stock Analysis page.
