Australia's Ionic Rare Earths gains on first production of terbium oxide at UK plant

Ionic Rare Earths

19/03/2024 01:17

** Shares of Australia's Ionic Rare Earths  IXR.AX  rise as
much as 11.1% to A$0.02, marking their biggest intraday pct gain
since March 6
    ** Non-gold precious metals miner announces first production
of high-purity terbium oxide at its Belfast plant in the UK
    ** Says production boosts collaboration with automaker Ford
Technologies and UK-based specialist alloy manufacturer Less
Common Metals
    ** About 6.1 mln shares change hands by 0107 GMT, vs the
30-day average volume of 5.8 mln shares
    ** Stock down 30.8% YTD, as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))