Australia's Amaero set for best day in three months on expanding capacity, cost saving

Amaero

11/12/2025 02:51

** Amaero 3DA.AX jumps 9.3% to A$0.235; set for steepest intraday pct rise since August 29

** Alloy producer expects investment in its planned argon recycling plant to be A$6 million (~$4 million), below the A$15 mln it had estimated earlier, representing A$9 mln in cost savings

** Orders new EIGA premium atomizer to grow its U.S powder production capacity across titanium, refractory alloy programmes

** YTD, 3DA falls 6%

($1 = A$1.5022)

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))