Lynas Falls After Historic Critical Minerals Agreement
Lynas Rare Earths (LYC) fell approximately 8% on Thursday following the news of a historic critical minerals deal between the Trump administration and the Federal Labor government.
The stock initially gapped higher at the opening but reversed more than 12% from its early high as sellers took control, despite the deal being described as a
"shot in the arm" for the industry.
The pact, finalized on Monday during Albanese's trip to Washington, signals a new approach for miners to raise capital and underscores heightened geopolitical strains between the US and China, particularly as Beijing imposes export controls on rare earths, crucial for advanced tech, batteries, chips, and defense equipment.
Author's summary: Lynas Rare Earths stock falls after a historic deal.