Metal Powder Works stock initiated with Spec. Buy rating at Canaccord Genuity

Published 29/10/2025, 08:12
Metal Powder Works stock initiated with Spec. Buy rating at Canaccord Genuity

Investing.com - Canaccord Genuity initiated coverage on Metal Powder Works (MPW:AU) with a Speculative Buy rating and a price target of AUD4.10.

The firm highlighted that Metal Powder Works is a founder-led, US-based producer of specialty metal powders for advanced applications in powder metallurgy and additive manufacturing that listed in March 2025 through a reverse takeover of K-TIG.

According to Canaccord Genuity, the company aims to disrupt the metal powder supply market with its innovative DirectPowder™ process, which it has developed over the past eight years based on direct industry experience with companies like Lockheed Martin Skunk Works and Arconic.

The DirectPowder™ process operates in a small, modular system that mechanically converts readily-available metal bars into high-quality metal powders, differing from standard atomisation methods that rely on feedstock melting.

Canaccord Genuity noted that Metal Powder Works can produce consistent, customisable particle sizes of approximately 10-200μm at a yield exceeding 95%, compared to the industry standard of 30-50%, while maintaining the chemical properties of the original feedstock.

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