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Suvo Strategic Minerals ( (AU:SUV) ) has provided an update.
Suvo Strategic Minerals has announced the extension of a major sales contract with Norske Skog for the supply of hydrous kaolin until December 2027. The new agreement anticipates an increase in order volumes, estimating a purchase of 21,000 to 24,000 tonnes, compared to 16,300 tonnes in the previous contract. This development reflects Suvo’s capacity to meet rising demand and indicates potential growth in sales volumes for 2025. The company is also exploring the use of its kaolin in other applications, such as controlling emissions and as a supplementary cementitious material, highlighting its strategic focus on expanding the utility and market for its products.
More about Suvo Strategic Minerals
Suvo Strategic Minerals Ltd. is a company operating in the mineral industry, primarily focusing on the supply of hydrous kaolin. It is based in Perth, Western Australia, with operations in Pittong, Victoria. The company is known for its involvement in the supply chain of kaolin products, which are used in various industrial applications.
YTD Price Performance: -5.13%
Average Trading Volume: 773,398
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$37.35M
See more insights into SUV stock on TipRanks’ Stock Analysis page.
