Metal Powder Works Signs $600,000 Copper Powder Supply Agreement; Shares Fall 4%
MT Newswires Live
Yesterday
Metal Powder Works (ASX:MPW) executed a two-year long-term agreement to supply Embassy Powdered Metals with pure copper powder for use in copper infiltration, valued at about $300,000 per year, representing contracted revenue of about $600,000 over the deal's term, according to a Wednesday Australian bourse filing.
The company said supply under the agreement is scheduled to start in January 2027, building on Embassy's initial order announced in August.
The company's shares fell past 4% in recent Wednesday trade.
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