Australian (ASM) is held by 32 ASX ETFs. Over the last year it fell 1.7%: on $10,000, −$168. We explain 37 big moves in that time.
About ASM
- SectorMaterials
- IndustryMaterials
- Held by32 ETFs
- Big moves37 in 1Y
- StatusDelisted
Each dot is a move we explain. Tap one, or a row of Why it moved, to see what caused it.
Why it moved
- −8.9%9 Jun 2026· Unknown
No specific cause could be determined due to absence of news coverage.
- +7.3%3 Jun 2026· Sector Flow
ASX rare earth stocks rallied amid a renewed sector focus on critical minerals and supply chain concerns.
- −7.0%20 May 2026· Takeover / M&A
A US takeover of Australian Strategic Materials was reported, likely dampening investor sentiment as the deal may be under scrutiny or priced in, leading to a share price decline.
- +7.7%2 May 2026· Unknown
No specific news or event was found to explain the price move.
- +7.6%1 Apr 2026· Unknown
No specific news was found; the move is unexplained by available information.
- −7.2%4 Mar 2026· Unknown
No specific news directly explains the price drop; likely due to broader sector or unrelated factors.
- +8.7%10 Feb 2026· Unknown
The price movement is likely unrelated to the only available news article about a failed Rio Tinto-Glencore merger, and with no stock-specific news, the cause is unknown.
- +7.2%9 Feb 2026· Unknown
No specific company or sector news; likely a short-term rebound in a small-cap materials stock.
- −7.6%6 Feb 2026· Takeover / M&A
The stock fell on news of Energy Fuels acquiring ASM, likely due to takeover price being below market expectations or uncertainty around the deal.
- −10.5%5 Feb 2026· Takeover / M&A
Energy Fuels' acquisition of Australian Strategic Materials likely drove the stock down due to deal terms or market skepticism.
- +12.9%4 Feb 2026· Takeover / M&A
The stock surged due to the announced acquisition of Australian Strategic Materials by Energy Fuels, advancing rare earth integration.
- −9.6%2 Feb 2026· Takeover / M&A
The stock fell sharply on 2026-02-01, likely due to the announcement or speculation of the Energy Fuels rare earths acquisition, which raised valuation concerns for ASM.
- −7.5%30 Jan 2026· Unknown
Potential sector weakness or peer-driven news, though no direct company-specific announcement is cited.
- +10.3%23 Jan 2026· Takeover / M&A
Energy Fuels announced a recommended A$1.60-per-share takeover of Australian Strategic Materials, approved by the ASM board.
- +119.3%21 Jan 2026· Takeover / M&A
Energy Fuels announced a recommended A$1.60-per-share takeover of Australian Strategic Materials, driving the stock up 119%.
- +7.6%7 Jan 2026· Regulatory
Australian Strategic Materials likely rose on news that the government is considering a rare earths strategic reserve, a direct demand-support policy for the sector.
- +7.5%29 Dec 2025· Unknown
No news articles were found explaining the price move.
- −7.0%8 Dec 2025· Unknown
No news articles were found to explain the price move, so the cause remains unidentified.
- −9.0%21 Nov 2025· Unknown
Insufficient evidence to determine the cause of the abnormal price decline.
- −7.1%14 Nov 2025· Unknown
No specific cause identified due to absence of news coverage around the price move.
- +9.8%10 Nov 2025· Unknown
No news articles were found to explain the price movement, leaving the cause unknown.
- −11.9%7 Nov 2025· Unknown
No specific news articles were found to explain the abnormal price decline.
- −13.1%5 Nov 2025· Unknown
No specific news was found, but the extreme volume and sharp decline suggest a possible negative operational or market development not captured in the available articles.
- −9.4%3 Nov 2025· Unknown
No news articles were found to explain the abnormal price drop.
- +9.8%31 Oct 2025· Stake Change
A substantial holder change on 29 October 2025 likely triggered the abnormal share price movement.
- +10.5%29 Oct 2025· Capital Raise
Investors reacted to a capital raise, as indicated by a cleansing notice issued the prior day.
- −8.0%28 Oct 2025· Capital Raise
The stock fell sharply due to a capital raise, indicated by the cleansing notice and substantially higher share volume.
- −11.0%27 Oct 2025· Capital Raise
A capital raise or related dilution, evidenced by the Cleansing Notice, likely triggered the sharp sell-off.
- −11.4%24 Oct 2025· Sector Flow
Decline in rare earths sector due to profit-taking after the US-Australia critical minerals deal news.
- −10.9%23 Oct 2025· Sector Flow
Likely broad rare earth sector pullback after a surge following US-Australia critical minerals deal news, despite positive headlines.
- −11.6%22 Oct 2025· Sector Flow
Stock declined amid broad rare earth sector news, likely profit-taking after the US-Australia critical minerals deal headlines.
- +8.3%21 Oct 2025· Sector Flow
A US-Australia critical minerals deal and related rare earths sector news drove a significant rally in Australian Strategic Materials shares.
- −13.7%20 Oct 2025· Sector Flow
Sector-wide profit-taking and buying rotation after a surge in rare earth stocks on US-Australia trade deal talks, with ASM.AX correcting downward alongside peers.
- −13.0%16 Oct 2025· Sector Flow
Likely broad rare earth sector profit-taking or rotation after a sharp rally, given no company-specific negative news.
- −7.3%15 Oct 2025· Sector Flow
Stock dropped amid sector-wide rare earth share price surge, likely profit-taking or rotation out of ASM following a broader sector rally.
- +67.6%14 Oct 2025· Sector Flow
A broad surge in rare earths stocks, including Australian Strategic Materials, likely drove the share price up sharply on 2025-10-13.
- +30.1%13 Oct 2025· Sector Flow
The stock surged alongside broad gains in rare earth stocks, driven by sector-wide momentum and coverage of the rare earth price rally.
Held by 32 ETFs
Of every $10,000 in each fund, how much is in ASM today.
- QNTMVANECK QUANTUM ETF$1901.90%
- HEURBetaShares Europe Currency Hedged ETF$890.89%
- SMHGVANECK GLOBAL SEMICONDUCTOR ETF$660.66%
- SLVMGlobal X Silver Miners ETF$560.56%
- GWTHVanEck MSCI International Growth ETF$450.45%
- QLTYBetaShares Global Quality Leaders ETF$440.44%
- HQLTBetaShares Global Quality Leaders Currency Hedged ETF$440.44%
- IEUiShares Europe ETF$360.36%
- WVOLiShares MSCI World ex Australia Minimum Volatility ETF$300.30%
- HETHBetaShares Global Sustainability Leaders Currency Hedged ETF$270.27%
Why did ASM fall 13.7% on 20 Oct 2025?
Australian
Sector-wide profit-taking and buying rotation after a surge in rare earth stocks on US-Australia trade deal talks, with ASM.AX correcting downward alongside peers.
The price move occurred on October 19, 2025, a trading day after news of US-Australia strategic minerals deal talks (published October 17) had driven rare earth stocks like Hastings Technology Metals up 51.4%. ASM.AX, a rare earths stock, likely saw a sharp reversal as traders took profits or rotated within the sector, with no company-specific negative news in the provided articles. The news around October 20-22 focuses on broader rare earth sector developments, not ASM-specific operational or financial events, supporting a sector flow explanation.
Written by a language model from the evidence below, and it can be wrong. Tell us and we will fix or remove it. General information only, not financial product advice. It does not consider your objectives, finances or needs. Past performance is not a guide to future performance.
Evidence
News coverage
What it did to the 32 ETFs holding ASM
On $10,000 in each fund, at the weight it holds today
- QNTM1.90% of the fund−$26
- HEUR0.89% of the fund−$12
- SMHG0.66% of the fund−$9
- SLVM0.56% of the fund−$8
- GWTH0.45% of the fund−$6
- QLTY0.44% of the fund−$6
- HQLT0.44% of the fund−$6
- IEU0.36% of the fund−$5
- WVOL0.30% of the fund−$4
- HETH0.27% of the fund−$4
The 10 that hold it most. All 32 are listed on the page under Held by.