Australia's Sovereign Metals gains most in 2 months on rare earth metals find
27/05/2026 02:17
BUZZ-Australia's Sovereign Metals gains most in 2 months on rare earth metals find ** Shares of Sovereign Metals SVM.AX rise as much as 7.7% to A$0.663, the biggest intraday pct gain since March 24
** Stock touches its highest level since May 19
** The diversified miner finds significant heavy rare earth deposits at its Kasiya Rutile Graphite Project in Africa
** Says average total rare earth oxide (TREO) basket ratios are nearly 7x higher than the world’s five largest rare earth producers
** YTD, stock up 8.6%
(Reporting by Aamir Sheik Khalid in Bengaluru)
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