Australia's Adbri jumps on supply agreement extension with Alcoa

Adbri

17/01/2022 03:07

** Shares of Adbri Ltd  ABC.AX  rise as much as 9% to
A$3.04, set to gain most since Feb. 23
    ** Construction minerals producer says its unit extended its
quicklime supply agreement with U.S.-based bauxite, alumina and
aluminium producer Alcoa until Jan. 31 2023  urn:newsml:reuters.com:*:nFWN2TV036
    ** Adbri says it expects the extension to contribute a
maximum of A$35 million ($25.22 million) in revenue
    ** As of last close, stock down 1.06% pct this year

 ($1 = 1.3877 Australian dollars)

 (Reporting by Navya Mittal)
 ((Navya.Mittal@thomsonreuters.com))