Lynas, rare earth stocks jump on China’s latest export curbs By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 04 2024
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Should l Buy ?
Source: Investing.com
China's Export Restrictions: Lynas Rare Earths Ltd shares surged following China's announcement to ban exports of gallium and germanium compounds to the U.S., likely in retaliation for U.S. chipmaking export restrictions on Chinese firms.
Market Reaction: The broader rare earth sector, including companies like Iluka Resources and smaller firms such as Arafura Resources, experienced significant gains, reflecting optimism about the potential benefits from tightening global supply amidst escalating trade tensions.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
