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RareX Limited ( (AU:REE) ) has shared an announcement.
RareX Limited has announced significant scandium values at its Cummins Range project, positioning it as a major source of critical minerals amidst recent geopolitical shifts. The discovery of high-grade scandium, along with gallium and rare earth elements, highlights the project’s strategic importance, especially in light of China’s recent export controls on these metals. This development underscores the potential for Cummins Range to become a leading supplier of critical minerals to Western markets, aligning with efforts to secure independent supply chains.
More about RareX Limited
RareX Limited operates in the mining industry, focusing on the exploration and development of critical minerals. The company is primarily involved in the extraction of rare earth elements, scandium, and gallium, with a significant project at Cummins Range in Australia. RareX aims to position itself as a key player in the supply of critical minerals, which are essential for various technologies and industries.
YTD Price Performance: 70.0%
Average Trading Volume: 14,570,286
Technical Sentiment Signal: Buy
Current Market Cap: A$15.22M
For a thorough assessment of REE stock, go to TipRanks’ Stock Analysis page.