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The latest announcement is out from Suvo Strategic Minerals ( (AU:SUV) ).
Suvo Strategic Minerals reported a strong performance for the quarter ending December 2024, with a 10.4% increase in hydrous kaolin revenue to A$3.3 million, highlighting growing sales momentum. The company also extended a major supply contract with Norske Skog, increasing order volumes by up to 47% and further securing demand for its kaolin products. In addition, Suvo is exploring new opportunities in the low carbon cement and concrete market through joint ventures, aiming to commercialize these products in Indonesia, which could strengthen its industry positioning and open new revenue streams.
More about Suvo Strategic Minerals
Suvo Strategic Minerals Ltd is a company focused on the mining and production of industrial minerals. It primarily deals in hydrous kaolin, a mineral used in various industrial applications, and is actively involved in developing low carbon cement and concrete products. The company operates in Australia and is expanding its market presence with joint ventures and supply contracts.
YTD Price Performance: -15.00%
Average Trading Volume: 670,608
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$34.32M
Learn more about SUV stock on TipRanks’ Stock Analysis page.
