American Pacific Borates hits 2-week high as facility gets 'critical infrastructure' status

Albright Metals

07/02/2022 01:34

** Shares of Australia-based boron and lithium miner
American Pacific Borates  ABR.AX  climb as much as 10% to
A$2.64, their highest level since Jan. 21
    ** U.S. Cybersecurity and Infrastructure Security Agency
designates co's Fort Cady Integrated Boron Facility as "critical
infrastructure" - co  urn:newsml:reuters.com:*:nASX2VqZ09 
    ** The U.S. agency's "designation validates the scarcity of
new reliable sources of boron and its criticality in high end
use applications" - ABR chief executive Henri Tausch
    ** Stock eyes best session since Jan. 28
    ** ABR has lost 3.6% YTD, as of last close

 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))