Lynas Falls After Trump-Labor Govt's Critical Minerals Agreement
Lynas Rare Earths (LYC) fell approximately 8% on Thursday following the news of a historic critical minerals deal between the Trump administration and the Federal Labor government.
The stock initially rose on opening but reversed more than 12% from its early high as sellers took control, despite the deal being 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 the heightened geopolitical tensions between the US and China, particularly with Beijing imposing export controls on rare earths, which are crucial for advanced tech, batteries, chips, and defense equipment.
Author's summary: Lynas stock falls after a critical minerals deal.
More News
- Football Bet Of The Day: James Milton has picked out a 19-20 bet from League One
- Landmark New Report Shows Canadian Lobbyists Represent Major Polluters Alongside Environmental Groups
- Archbishop Leads Public Prayer Vigils To Stop Abortion But Not To Support Immigrants, the Homeless, or the Hungry
- Australian government bans Dutch volleyball rapist
- Action across the nation to ban greyhound racing
- Utica outlasts Warren Cousino; Lakeview topples rival Lake Shore; Chippewa Valley, Warren Mott also record lopsided wins
- 'Downpour of complaints': BOM slammed over their new website
- Football Continues Strong Season, Eyeing Fourth-Straight Little Three Title – The Wesleyan Argus
- Dear ASEAN Leaders: Trumpism Is Not A Temporary Phenomenon. Here’s Why?
- Field Hockey Captures Historic Wins, Looks to Carry Momentum Into Postseason Run – The Wesleyan Argus