An update from RareX Limited ( (AU:REE) ) is now available.
RareX Limited has announced the discovery of high-grade gallium at its Cummins Range project, marking a significant advancement in the site’s mineral profile. This discovery positions Cummins Range as the most advanced gallium deposit in Australia, with potential implications for the global gallium market, especially given the current dominance of China in gallium production and the critical need for this mineral in electronics and renewable energy sectors.
More about RareX Limited
RareX Limited is a company operating in the mining industry, focusing on the exploration and development of rare earth elements and related minerals. The company is particularly involved in the Cummins Range project, which is known for its rare earths, phosphate, and scandium mineralization.
Average Trading Volume: 636,232
Technical Sentiment Signal: Buy
Current Market Cap: A$6.41M
For a thorough assessment of REE stock, go to TipRanks’ Stock Analysis page.