Australia’s rare earths producers saw their shares jump on Friday as the U.S. Department of Defense’s deal with U.S. rare earth producer MP Materials boosted sentiment across the Western industry amid Chinese export controls. Shares in Australia’s Lynas Rare Earths, the world’s biggest producer outside China, surged by 17% on the Australian Securities Exchange on Friday. The stock surge sent Lynas Rare Earths shares to their highest level since August 2022. Critical minerals producer Iluka Resources jumped by as much as…
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