BUZZ-Australian heavy rare earths miners rally on China export controls

Reuters
07 Apr
BUZZ-Australian heavy rare earths miners rally on China export controls

** Australian heavy rare earths miners rally despite sell-off in global equities and commodities

** Investors anticipate western governments to push for separate supply chain as top producer China set down export controls

** Rare-earths developer Northern Minerals NTU.AX jumps 9.5% at A$0.023, highest since December 13; Meteoric Resources MEI.AX gains 1.6%; Lynas Rare Earths LYC.AX rises 2.6%

** Heavy Rare earths miners buck overall subdued investor sentiment, with Australian benchmark .AXJO down 4%

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

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