Metal Powder Works (ASX:MPW) received an initial scale-up production purchase order for pure copper powder from Pennsylvania-based Advantage Metal Powders, according to a Thursday filing with the Australian bourse.
Fulfilment of the order will form the basis for both parties to assess a long-term supply arrangement from the first half of 2027, the filing said.
Financial terms of the transaction were not disclosed.
Metal Powder Works shares rose 8% in midday trade Thursday.