** Shares of St George Mining SGQ.AX rise 26.3% to A$0.0240, their highest level since February 20
** Stock set for its strongest session since August 12, 2024 - if current trend holds
** Diversified miner says its Araxá Project in Brazil offers a potential alternative source of supply for rare earths products
** Cites China's export restrictions on rare earths elements causing potential supply chain shock in the U.S. economy, others as reason
** About 57.8 million shares traded in stock's busiest session since February 27
** Stock down 2% YTD, including current session's moves
(Reporting by Manasi Dasa Sundeep in Bengaluru)
((Manasi.DasaSundeep@thomsonreuters.com))
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