Australia Boosts Critical-Minerals Focus With Stockpile Plan [Yahoo! Finance Canada]
LYNAS RARE EARTHS S/ADR (LYSDY)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Critical minerals have been at the center of geopolitical and trade tensions in recent years, as part of a broader tussle among governments to ensure access to vital commodities. Beijing used its dominance of the sector to its advantage in responding to the trade war initiated by US President Donald Trump, prompting a push by rivals to boost local output as well as stockpiling. “Developing the Strategic Reserve is another important step in Australia leading on critical minerals globally,” Chalmers said in the statement. The stockpile will ensure “Australia is at the center of efforts to build stable and reliable supply chains for our international partners,” he said. Shares in Lynas Rare Earths Ltd. rallied as much as 6.5% in Sydney, while Larvotto Resources Ltd. — which is developing one of the world's biggest antimony mines in Australia — soared 8.8%. “The federal government is leading from the front on this, and we're extremely happy antimony is on
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