Australian rare earth miners climb after China reports drop in exports

IGO

07/08/2026 05:43

     ** Shares of rare earth miners Lynas LYC.AX and Iluka ILU.AX gained 4.7% between 5.6% by Sydney afternoon trade
     ** ILU ranks among the top gainers on the ASX 200 .AXJO, outperforming a flat benchmark index
     ** World's largest rare earth exporter and producer China reports that its rare earth exports extended their slide for a second consecutive month in July as seasonal weakness weighed on overseas demand
     ** YTD, LYC and ILU have substantially outpaced the broader market, surging 32% and 23.7%, respectively, compared with the AXJO's 6.4% gain


 (Reporting by Subhalakshmi Dey in Bengaluru)
 ((Subhalakshmi.Dey@thomsonreuters.com;))