Metals X (MLX) is held by 13 ASX ETFs. Over the last 3 months it rose 53.5%: on $10,000, +$5351. We explain 2 big moves in that time.
About MLX
- SectorMaterials
- IndustryMaterials
- Size$1.9b
- Held by13 ETFs
- Big moves2 in 3M
Each dot is a move we explain. Tap one, or a row of Why it moved, to see what caused it.
Why it moved
- +7.0%18 Sep 2026· Commodity
Metals X shares surged on renewed investor interest in tin prices, with multiple news articles highlighting tin price movements as a key driver for the company's near-term outlook.
- +6.5%15 Sep 2026· Earnings Beat
Metals X shares rose sharply, likely driven by positive investor reaction to a reported surge in half-year earnings that had been covered in financial media in the days prior.
Held by 13 ETFs
Of every $10,000 in each fund, how much is in MLX today.
- SMLLBetaShares Australian Small Companies Select ETF$1071.07%
- ALFAVanEck Australian Long Short Complex ETF$800.80%
- SSOSTATE STREET SPDR S&P/ASX SMALL ORDINARIES ETF$490.49%
- ISOiShares S&P/ASX Small Ordinaries ETF$490.49%
- AUMFiShares Edge MSCI Australia Multifactor ETF$350.35%
- VSOVanguard MSCI Australian Small Companies Index ETF$280.28%
- QREBetaShares Australian Resources Sector ETF$220.22%
- EX20BetaShares Australian Ex-20 Portfolio Diversifier ETF$180.18%
- VETHVanguard Ethically Conscious Australian Shares ETF$130.13%
- AECVBETASHARES AUSTRALIAN SHARES CATHOLIC VALUES ETF$100.10%
Why did MLX rise 7.0% on 18 Sep 2026?
Metals X
Metals X shares surged on renewed investor interest in tin prices, with multiple news articles highlighting tin price movements as a key driver for the company's near-term outlook.
There are no company announcements to explain the move, ruling out corporate events. However, three recent news articles (within 3 days of the detection) explicitly focus on tin prices and their impact on Metals X, suggesting a tin price rally is the primary catalyst. The sector (AXMJ Materials) was also up ~1%, providing a mild tailwind, but the 6.97% move and 9.15x volume ratio far exceed what sector flow alone would explain, pointing to a commodity-specific trigger. The absence of a direct price feed for tin is a limitation, keeping confidence at medium rather than high.
General information only, not personal advice — prepared without regard to your objectives, financial situation or needs. Past performance is not indicative of future performance.
Evidence
News coverage
Sector / macro signals
What it did to the 13 ETFs holding MLX
On $10,000 in each fund, at the weight it holds today
- SMLL1.07% of the fund+$7
- ALFA0.80% of the fund+$6
- SSO0.49% of the fund+$3
- ISO0.49% of the fund+$3
- AUMF0.35% of the fund+$2
- VSO0.28% of the fund+$2
- QRE0.22% of the fund+$2
- EX200.18% of the fund+$1
- VETH0.13% of the fund+$1
- AECV0.10% of the fund+$1
The 10 that hold it most. All 13 are listed on the page under Held by.