Australian heavy rare earths miners rally on China export controls

Meteoric Resources NL

07/04/2025 05:02

** Australian heavy rare earths miners rally despite sell-off in global equities and commodities

** Investors anticipate western governments to push for separate supply chain as top producer China set down export controls

** Rare-earths developer Northern Minerals NTU.AX jumps 9.5% at A$0.023, highest since December 13; Meteoric Resources MEI.AX gains 1.6%; Lynas Rare Earths LYC.AX rises 2.6%

** Heavy Rare earths miners buck overall subdued investor sentiment, with Australian benchmark .AXJO down 4%

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com;))