Australia considers critical minerals price floor to support new projects; Lynas surges

2025-08-05 10:34:08 ET

Australia is considering setting a price floor for critical minerals such as rare earths, to help shore up supply of commodities essential to defense and strategic technologies, Resources Minister Madeleine King said Tuesday, which sparked a rally in share prices for Australian-listed rare earths miners including Lynas Rare Earths ( OTCPK:LYSCF ) ( OTCPK:LYSDY ), Iluka Resources ( OTCPK:ILKAF ) ( OTCPK:ILKAY ), and Arafura Rare Earths ( OTCPK:ARAFF ), +5.2% , +8.6% and +8.5% , respectively....

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