Australia's Close The Loop gains on bets of tariffs boosting demand for recycled products

Close The Loop

08/04/2025 04:08

** Shares of Close The Loop CLG.AX rise 6.3% to A$0.085, set for strongest session since March 28

** Environmental services provider expects higher demand for less-expensive recycled products as tariffs will make new technology more expensive

** That, CLG expects, will outweigh any hit from tariffs paid and also boost the broader IT asset disposition sector

** Despite the gains on the day, stock is down ~64% YTD

 (Reporting by Manasi Dasa in Bengaluru)

 ((Manasi.DasaSundeep@thomsonreuters.com;))