Lynas in New Sales Agreements Talks as Tariffs Arrest U.S.-China Rare-Earths Trade
Lynas LYC 2.17%increase; green up pointing triangle Rare Earths said it is in talks with customers to develop new sales agreements as a U.S.-China trade war derails the flow of rare-earth materials between the world's two biggest economies.
The company, which runs operations in Australia and Malaysia, said recent policy changes have affected trading in the China-dominated market for rare earths, critical minerals needed for everything from smartphones to jet fighters. China is responsible for around 85% of the world's rare-earth refining.
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China to fast-track applications for rare-earth minerals to US, EU
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