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SECURITYAug 10 · 07:03 UTCCNBC TOP

Australian rare earth miner surges as much as 29% after U.S. Department of War investment

An Australian rare earth miner surged as much as 29% following investment from the U.S. Department of War. This development highlights a strategic push, as the Trump administration backed plans to build an Australian scandium mine intended to challenge China's critical-minerals dominance.

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Australian rare earth minerorganizationU.S. Department of WarorganizationTrump administrationorganizationAustraliaplaceChinaplacescandium minetopiccritical-minerals dominancetopic
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