Australian critical minerals miners gain after PM Albanese pledges investment

Iluka Resources

24/04/2025 05:10

** 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))