ASX

Metals X Limited (MLX) in our theses

Metals X Limited appears in one of our theses. Below is why it entered the basket and how it has done since publication.

Theses holding it

Average return

+30.1%

since publication

Last price

1.99 AUD

September 16, 2026

Live July 23, 2026 · supply and demand · edge 57

Tin, the Forgotten Metal of the AI Era: Three Supply Bottlenecks Collide with Solder Demand in Every Server

The small, concentrated tin market enters a deficit: Myanmar, Congo, and Indonesia choke supply while the AI hardware boom boosts solder demand, enriching pure-play miners.

Why this company made the basket is part of Pro. The opening of the argument is open on the thesis page.

MLX since this thesis was published: +30.1% · whole basket +8.3%

Where these numbers come from

The reference price is recorded on the thesis publication date and never changed afterwards. The current price is refreshed several times a day. Returns are in the listing currency and exclude dividends, so for dividend payers the real total return was somewhat higher.

This is not a recommendation to buy or sell. A company enters a basket as a beneficiary of the mechanism described in the thesis, and the full argument is on each thesis page.

See all of our theses

Each with a publication date, a causal map and a score assigned before the market ruled.

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