Lynas Falls After Historic Critical Minerals Agreement
Lynas Rare Earths (LYC) fell ~8% on Thursday following the news of a historic critical minerals deal between the Trump administration and the Federal Labor government.
The stock initially gapped higher on opening but reversed more than 12% from its early high as sellers took control.
The deal is described as a “shot in the arm” for the industry.
The pact, finalized on Monday during Albanese’s trip to Washington, signals a new approach for miners to raise capital and highlights heightened geopolitical strains between the US and China.
This comes as Beijing imposes export controls on rare earths, crucial for advanced tech, batteries, chips, and defense equipment.
Author's summary: Lynas falls 8% after US-Australia minerals deal.
- Lynas Rare Earths (LYC) stock fell ~8% on Thursday
- Historic critical minerals deal between the US and Australia
- Deal aims to support the industry amidst geopolitical tensions
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