Australia's First Graphene rises after China distribution deal
10/07/2026 05:55
BUZZ-Australia's First Graphene rises after China distribution deal ** Shares of First Graphene FGR.AX rise as much as 5.7% to A$0.074
** Stock up over 16% for the week, set to log its best weekly performance since late-September, if gains hold
** The graphitic materials supplier signs an MoU with Sixth Element (Changzhou) Material Technology Co
** Appoints the Chinese-headquartered firm as distributor in China for co's PureGRAPH CEM additive, which is used in construction materials markets
** The agreement also includes a provision that upon sale of 200 tons of company's product, parties may negotiate a joint venture or licensing agreement to manufacture the product at a new China facility
** Stock up ~4% YTD, including the session's moves
(Reporting by Anjali Singh in Bengaluru)
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