Australia's First Graphene rises on China distribution deal
06/07/2026 04:45
BUZZ-Australia's First Graphene rises on China distribution deal ** Shares of First Graphene FGR.AX rise 14.5% to A$0.071, marking their biggest intraday pct gain since June 26
** Graphitic materials supplier signs an MoU with Sixth Element (Changzhou) Material Technology Co, appointing the Jinagsu-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 tonnes of FGR’s product, parties may negotiate a joint venture or licensing agreement to manufacture the product at a new China facility
** Stock up 2.9% YTD
(Reporting by Shruti Agarwal in Bengaluru)
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