Australia's Metallium gains on e-scrap supply deal with global miner Glencore

Metallium

05/01/2026 01:56

** Shares of Metallium MTM.AX rise as much as 8% to A$1.150, highest since October 17, 2025

** Stock posts its biggest intraday pct gain since December 29

** Diversified miner says its U.S. unit has executed a binding electronic-scrap (e-scrap) supply agreement with global miner Glencore GLEN.L

** Contract for supply of up to 2,400 tonnes per annum of e-scrap from Glencore into the company’s U.S. operations

** MTM rose over 309% in 2025 and is currently up about 6.8%

 (Reporting by Adwitiya Srivastava in Bengaluru)

 ((Adwitiya.Srivastava@thomsonreuters.com))