Business

Australian Rare Earth Miner Surges

Updated 2026-08-10 07:25 UTC 1 source Positive

An Australian rare earth miner saw a significant surge in stock price after the U.S. Department of War invested in plans to build an Australian scandium mine, challenging China’s critical-minerals dominance.

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CNBC

Australian rare earth miner surges as much as 29% after U.S. Department of War investment

The Trump administration has backed plans to build an Australian scandium mine as part of a push to challenge China’s critical-minerals dominance.

2026-08-10 07:03 UTC