Australia's Metal Powder Works rises on copper power order

Metal Powder Works

24/08/2026 05:23

** Shares of Metal Powder Works MPW.AX rise as much as 11.2% to A$1.890, their biggest intraday pct gain since July 30
** The metal power producer receives purchase order of ~$200,000 from U.S.-based Embassy Powdered Metals for copper powder
** Company says initial order from the purchaser is scheduled for delivery in 2026 while follow-on orders are anticipated
** Stock down 7.7%, YTD 

 (Reporting by Subhalakshmi Dey in Bengaluru)
 ((Subhalakshmi.Dey@thomsonreuters.com;))