Reported 19 days ago
Australian mining companies focused on critical minerals have seen significant stock gains following indications of US interest in acquiring equity stakes amidst rising tensions with China. Notable companies like Nova Minerals and Resolution Minerals reported substantial increases in their shares as President Trump and Prime Minister Albanese prepare to discuss critical minerals in upcoming negotiations. The US has started investing in key players in the sector as part of a strategy to establish supply chains that compete with China, heightening geopolitical risks in the industry.
Source: YAHOO