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0 0 0.00166204986149591 0.00387811634349032 -0.00387811634349032 -0.00498614958448753 0 -0.00609418282548473
Stock impact report

Critical Metals (CRML) Sheds 11% on Rival's Billion-Dollar Govt Backing [Yahoo! Finance]

Critical Metals Corp. - Ordinary Shares (CRML) 
Company Research Source: Yahoo! Finance
Critical Metals dropped its share prices by 11.25 percent on Monday to close at $18.30 apiece as investors digested the heightening competition in the rare earths industry after one of its rivals secured a billion-dollar backing from the US government. At intra-day trading, Critical Metals Corp. (NASDAQ:CRML) jumped by 6 percent to $21.86, albeit the rally was short-lived, having ended the session in the red. The company also fell alongside its counterpart, MP Materials Corp., following the news. Over the weekend, the Trump administration said that it would invest $1.6 billion in USA Rare Earth Inc. in line with its plans to boost domestic rare earths production and reduce reliance on China. Upon closing, the transaction would give the US government a total of 16.1 million common shares and 17.6 million warrants. In other news, Critical Metals Corp. (NASDAQ:CRML) said that it inked a memorandum of understanding with Tariq Abdel Hadi Abdullah Al-Qahtani & Brothers Company (TQB) Show less Read more
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