American Rare Earths up after Nasdaq listing update
American Rare Earths Limited ended the week at A$0.410 on the ASX, rising 12.33% for the week. The company, developing projects in Wyoming, moved forward with its plans for a secondary listing on Nasdaq. Friday’s session marked its last ASX trade for the week before markets shut for the weekend. Stocks linked to the U.S. critical-minerals supply chain are back in favor with investors, moving beyond just the miners that dig up the raw materials. Rare earths—17 minerals used in electronics, defense, and magnets—remain under tough export limits. U.S. officials on Friday said that while Chinese export licenses are now processing more quickly, bottlenecks remain.
