VHM ORD
Which ASX Stocks Could Benefit as Rare Earth Prices Surge on Tightened US Supply Chains?
Prices of neodymium and praseodymium (NdPr) oxides – two rare earth elements essential for super-strong magnets – have surged to their highest levels in more than two years. The rally follows US rare earth producer MP Materials halting raw material exports to China, creating a significant gap in supply. China currently controls around 90% of […]
Industry welcomes strong governmental support for Victorian mining sector
The local mining industry has welcomed a number of changes made by the Victorian government in support of the sector. The Minerals Council of Australia (MCA) says the state’s Critical Minerals Roadmap has put Victoria firmly on the map as a supplier of strategic minerals, with approvals for two mineral sands projects a major step […]
China’s rare earth dominance faces new threats from global competitors and domestic regulations
China, which has dominated reserves and production in the global rare earths market for many years, now finds its number one position under attack from a number of directions. Even China’s own regulations are expected to become a major hindrance to its current dominance, with the nation previously considered as almost having a monopoly. Chinese […]
Market wrap: rally continues despite disappointing mining stocks
A broad-based rise in banking, healthcare and technology stocks helped to overcome disappointing share price falls by miners dragged down by lower commodity prices. By the market close on Friday the ASX 200 finished up 0.3% or 26.6 points higher at 7796 points, representing a 0.9% gain for the week after the Reserve Bank held […]
