** 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))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.