Lynas Rare Earths has signed a framework agreement with LS Eco Energy, a subsidiary of LS Cable & System, to form a partnership for the production of rare earth metals. Under the agreement, the companies have committed to negotiating a definitive agreement for a long-term agreement to process metals. This deal will involve several Lynas…
By Jarrett Renshaw, Ernest Scheyder and Gram Slattery WASHINGTON, March 20 (Reuters) – A top House Democrat on Thursday accused U.S. Commerce Secretary Howard Lutnick of structuring Washington’s $1.58 billion investment in USA Rare Earth in a way that gives the government “very concerning” leverage over the company, while boosting Lutnick’s family investment firm. In…
Critical Metals Corp. (NASDAQ:CRML) is one of the new stocks on the rise. On January 20, Clear Street raised its price target for Critical Metals from $14 to $20 with a Buy rating following the signing of a 50/50 strategic joint venture with a major Saudi Arabian industrial conglomerate, Tariq Abdel Hadi Abdullah Al-Qahtani &…
Gina Rinehart, Australia’s richest person, has become the largest shareholder in US-based rare earths producer MP Materials. Rinehart’s Hancock Prospecting increased its stake in MP Materials to 8.4% after acquiring an additional one million shares during the third quarter, making it the company’s largest shareholder, it reported. Bloomberg. As of September 30, Hancock Prospecting’s US-listed…
(Reuters) – U.S. Treasury Secretary Scott Bessent said on Sunday he had reached a “very substantial framework” with Chinese Vice Premier He Lifeng that will avoid 100% U.S. tariffs on Chinese goods and achieve a deferral of China’s rare earth export controls. Bessent said during the taping of an interview with NBC’s “Meet the Press”…
NEW YORK (AP) — U.S. stocks rose to record highs on Monday. The S&P 500 rose 1.1% and moved within 0.3% of its all-time high set earlier this month. The Dow Jones Industrial Average jumped 515 points, or 1.1%, and the Nasdaq composite gained 1.4%. Apple led the way, rising 3.9% amid optimism about demand…
President Trump and Australian Prime Minister Anthony Albanese on Monday signed the critical minerals agreement framework that aims to boost US access to both the mining and processing of Australian rare earth resources. It was a move aimed squarely at China, which recently moved to choke off its own exports of rare earth minerals, and…
Shares of Cleveland-Cliffs (CLF) rose as much as 24% early Monday morning after the company announced it would redouble efforts related to the extraction of rare earth minerals, which has become one of the hottest commodities trades on Wall Street this year. “Beyond steel production, the renewed importance of rare earths has led us to…
WASHINGTON (AP) — China likes to condemn the United States for reaching too far outside its borders to make demands on non-U.S. companies. But when it tried to strike back at American interests this month, Beijing did exactly the same thing. Expanding rare earth export rules, Beijing announced for the first time that it will…
Investors are hoping for a stock market rally after the outbreak of the trade war on Friday led the S&P 500 to its worst loss since April. On Sunday, President Donald Trump attempted to calm nerves in a post on Truth Social, following his announcement on Friday that he will impose an additional 100% tariff…
