Australian rare earths, critical minerals shares rally after US-Australia supply agreement

Reuters

2025/10/21

SYDNEY, Oct 21 (Reuters) - Some Australian rare earths and critical minerals companies saw their share prices jump on Tuesday after U.S. President Donald Trump and Australian Prime Minister Anthony Albanese signed a critical minerals agreement.

Northern Minerals NTU.AX rose 15%, Latrobe Magnesium LMG.AX jumped 27% and VHM VHM.AX was up 29% in opening trade, compared to a broader market gain .AXJO of 0.4%.

(Reporting by Byron Kaye; Editing by Christopher Cushing)

((byron.kaye@thomsonreuters.com; +612 9171 7541; Signal: byronkaye.01;))

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