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BUZZ-Australia's Lynas Rare Earths jumps as US-Ukraine minerals deal not signed

Reuters
Mar 04, 2025
BUZZ-Australia's Lynas Rare Earths jumps as US-Ukraine minerals deal not signed

** Shares of Lynas Rare Earths LYC.AX rise 3.7% to A$7.125, making them the second-biggest gainers on the S&P/ASX 200 .AXJO index, which is down 0.6%

** Stock rose as much as 4.4% earlier in the day to hit its highest level since January 16

** U.S. President Donald Trump pauses military aid to Ukraine, obstructing a deal to open up Ukraine's critical minerals to U.S. investment

** Last month, Lynas said it had the rare earths the West needs, while adding that tapping existing resources was much easier than developing anew in other countries

** About 3.5 million shares change hands, vs the 30-day average of 3.4 million

** Stock up 10.8% this year, including the day's move

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com;))

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