Metallium (MTM) is held by 4 ASX ETFs. Over the last 3 months it fell 38.3%: on $10,000, −$3827. We explain 4 big moves in that time.
About MTM
- SectorMaterials
- IndustryMaterials
- Size$192.6m
- Held by4 ETFs
- Big moves4 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
- −9.8%peak −11.8%13 Oct 2026· Capital Raise
Metallium issued 2.5 million new performance rights under an incentive scheme, diluting existing shareholders and triggering a sell-off.
- −18.7%peak −20.0%30 Sep 2026· Operational
Metallium's annual report, released the prior evening, likely contained disappointing financial details or project progress that triggered a sharp sell-off in the stock.
- +32.4%12 Aug 2026· Operational
Metallium released a positive announcement expanding its critical metals commercial pipeline with new REE, Germanium and PGM test results from its Flash Joule Heating technology, driving a strong re-rating of the stock.
- +17.3%peak +21.2%5 Aug 2026· Sector Flow
MTM.AX rose sharply alongside a broad rally in the ASX Materials sector, which gained around 2.4% on the same day, lifting sentiment across materials stocks including MTM.
Held by 4 ETFs
Of every $10,000 in each fund, how much is in MTM today.
Why did MTM fall 18.7% on 30 Sep 2026?
Metallium
Metallium's annual report, released the prior evening, likely contained disappointing financial details or project progress that triggered a sharp sell-off in the stock.
The only company-specific announcement in the window is the annual report released ~3.5 hours before detection, which, while marked non-market-sensitive, is the most plausible trigger given the stock-specific nature of the move. The sector index (AXMJ) rose +0.94% on the day — directionally opposite and far too small to explain a -12.8% move — ruling out sector or commodity flows. Recent news headlines reference uncertainty around cash burn and first-metal timelines ('Can It Deliver?'), suggesting the annual report may have revealed slower-than-expected progress or higher cash consumption, but direct confirmation of the report's content is absent, keeping confidence low.
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
Company announcements
News coverage
Sector / macro signals
What it did to the 4 ETFs holding MTM
On $10,000 in each fund, at the weight it holds today