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An update from NioCorp Developments ( (NB) ) is now available.
NioCorp Developments Ltd. has expressed strong support for a reported initiative by the Trump Administration to set price support levels for U.S.-produced rare earth oxides, a move seen as crucial for reducing dependency on China for critical minerals. This policy is expected to bolster U.S. leadership in critical minerals mining and manufacturing, potentially benefiting NioCorp’s Elk Creek Project, which is poised to supply several key minerals. The announcement underscores the administration’s commitment to leveraging domestic resources for national defense and economic security while maintaining environmental protections.
The most recent analyst rating on (NB) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on NioCorp Developments stock, see the NB Stock Forecast page.
More about NioCorp Developments
NioCorp Developments Ltd. is focused on developing the Elk Creek Project, which aims to produce niobium, scandium, and titanium. The company is also exploring the potential to produce rare earth elements from this project. Niobium is used in specialty alloys and high-strength steel, scandium in aluminum alloys and fuel cells, and titanium in lightweight alloys and pigments. Rare earth elements like neodymium, praseodymium, terbium, and dysprosium are vital for making magnets used in various applications.
Average Trading Volume: 1,476,869
Technical Sentiment Signal: Buy
Current Market Cap: $229.6M
For an in-depth examination of NB stock, go to TipRanks’ Overview page.