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BUZZ-Australian critical minerals miners gain after PM Albanese pledges investment

Reuters
2025/04/24
BUZZ-Australian critical minerals miners gain after PM Albanese pledges investment

** Australian critical minerals explorers gain after Prime Minister Anthony Albanese pledged an initial investment of A$1.2 billion ($763 million) to set up a strategic reserve of critical minerals

** Mineral Resources MIN.AX which mines lithium among other minerals, gains as much as 6.7% to hit A$18.36, its highest level since April 4; among the biggest pct gainers on the local benchmark

** Zircon producer Iluka Resources ILU.AX is up 3.9%, while Nickel miner IGO IGO.AX is up 1.8%

** Local mining .AXMM sub-index up 1.2%

($1 = 1.5728 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)

((nichiket.sunil@thomsonreuters.com))

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