Australian rare earth miners climb after China reports drop in exports
07/08/2026 05:43
BUZZ-Australian rare earth miners climb after China reports drop in exports ** 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)
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