Lynas Rare Earths Stock Just Gave Back Monday’s Pop. The China-Supply Trade Isn’t Over
Lynas Rare Earths closed at A$18.12 on Tuesday, down 4.28%, erasing most of Monday’s 5.46% gain. The S&P/ASX 200 rose 1.17%, but materials stocks lagged after Australia ordered six shareholders to divest from Northern Minerals, citing national interest. Lynas traded 4.32 million shares, near Monday’s volume. Northern Minerals shares dropped over 8% following the order.