Aussie rare earth miners gain on report of government considering floor price

Iluka Resources

05/08/2025 02:01

** Shares in Australian rare-earth miners gain after government moves to create a floor price for rare earths to fight China's dominance in the sector

** Lynas Rare Earths  LYC.AX gains as much as 6.1% to its highest since March, 2012, while Iluka Resources ILU.AX rises up to 6.8% to A$5.68

** ILU shares highest since December 2024

** Resources minister Madeleine King lifted the lid on the government’s plans, saying mechanisms to set a floor price were under “active consideration” as part of the critical minerals strategic reserve, the Australian reported

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com))