Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
RareX Limited ( (AU:REE) ) has provided an update.
RareX Limited has entered a strategic collaboration with Gega Elements to develop Australia’s first integrated gallium supply chain. This partnership aims to leverage RareX’s gallium-bearing samples and Gega’s advanced refining technology to establish a domestic production capability. The agreement positions RareX to enhance its market positioning by contributing to national critical mineral resilience and potentially becoming a significant player in the global gallium market, which is currently dominated by China.
More about RareX Limited
RareX Limited is a critical minerals company specializing in rare earths and niobium, focusing on hard rock carbonatites. The company is engaged in exploration projects such as the Khaleesi Project, Mt Mansbridge xenotime heavy rare earths project, and the Cummins Range Project. RareX aims to build vertically integrated supply chains for critical minerals, aligning with Australian industrial policy and global demand trends.
Average Trading Volume: 12,499,500
Technical Sentiment Signal: Sell
Current Market Cap: A$15.64M
See more insights into REE stock on TipRanks’ Stock Analysis page.