Fund managers are betting the explosive rally in rare earth stocks has much further to run after the US and Australia agreed to invest $US3 billion ($4.6 billion) in critical minerals projects, with more support expected to come.
Stocks rallied after Australian Prime Minister Anthony Albanese and US President Donald Trump signed a framework on Monday (Tuesday AEDT) which guarantees a floor on rare earth prices for new producers and blocks asset sales on security grounds.
Source: https://www.afr.com/markets/commodities/why-the-asx-s-rare-earths-rally-may-just-be-getting-started-20251021-p5n3zr