Australia's ABx Group rises after co signs lease agreement with Rio Tinto Aluminium

ABx

15/01/2025 02:53

** Shares of ABx Group Ltd  ABX.AX  rise 16.7% to A$0.041,
set for their strongest trading session since Dec 27, 2024, if
gains hold
    ** Stock hits highest level since Jan 3, 2025
    ** The material-focused tech co says its unit signed a lease
agreement with Rio Tinto Aluminium for industrial facility in
northern Tasmania 
    ** Says unit to set up pilot plant at facility for producing
industry chemicals 
    ** About 835,905 shares change hands, 6.8x the 30-day
average of 122,307 shares
    ** ABx Group stock down 43.1% last year

    

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((Jasmeenaraislam.shaikh@thomsonreuters.com;))