Australia's Metal Powder Works rises to near 3-year high on Austal USA deal

Austal

17/12/2025 01:20

** Shares of Australia's Metal Powder Works MPW.AX jump as much as 22% to A$2.00, their biggest climb since January 9, 2023

** Co signs a partnership with USA unit of Austal Ltd ASB.AX, targeting U.S. Navy additive manufacturing programmes

** Around 336,000 shares change hands, nearly 1.4x 30-day average

** MPW stock up ~448%, YTD

(Reporting by Keshav Singh Chundawat in Bengaluru)

((Keshav.singhchundawat@thomsonreuters.com))