Australia's ABx Group gains on potential bauxite asset opportunities

ABx

06/03/2025 02:34

** Shares of ABx Group ABX.AX rise 5.6% to A$0.038

** Material-focussed technology company says it has received multiple offers for its high-grade bauxite projects in Queensland and New South Whales amid rising prices

** Guinea bauxite prices have increased by almost 60% in less than four months, co says

** Stock rose as much as 19.7% earlier in the session

** 800,070 shares change hands, eight times the 30-day average of 99,792

** Stock fell 7.3% YTD, including current session's moves

 (Reporting by Manasi Dasa in Bengaluru)

 ((Manasi.DasaSundeep@thomsonreuters.com;))