Lynas share price drops as US “price floor” report rattles rare earth stocks
Lynas Rare Earths fell 3.8% to A$15.58 at Thursday’s close in Sydney after a U.S. policy report rattled rare earth stocks. The shares had dropped over 11% intraday before recovering. The move followed conflicting reports on U.S. price guarantees for critical minerals. Other Australian rare earth stocks also declined.