Shares of Australian rare earths producers soared on Friday following news of a major deal between U.S.-based MP Materials and the U.S. Department of Defense (DoD), aimed at boosting domestic production of rare earth magnets.
The Pentagon has paused shipments of critical air defense and precision munitions to Ukraine, citing concerns that U.S. weapons stockpiles have fallen to dangerously low levels.
03 Mar 2026-11:59
