Metallium's US Unit Secures Multi-Year Deal With Glencore; Shares Down 6%
MT Newswires Live01-05
Metallium's (ASX:MTM) Flash Metals USA subsidiary signed a binding multi-year electronic-scrap supply agreement with Glencore, according to a Monday filing with the Australian bourse.
The deal involves the supply of up to 2,400 tonnes per year of electronic-scrap from Glencore to the company's US operations to support the commissioning and scale-up of its flash joule heating technology platform, the filing said.
Metallium shares fell 6% in morning trade Monday.
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