Rare earths prices could jump
 

"Beijing has allocated 10 billion yuan (US$1.6 billion) for the acquisition plan"

The development immediately fired up the enthusiasm among the shareholders of Australian rare earths mining companies including Greenland Mining and Minerals (ASX: GGG), Hastings Rare Metals (ASX: HAS), Peak Resources (ASX: PEK) and Alkane Resources (ASX: ALK), as well as other global rare earths miners such as Molycorp, Rare Element Resources and Avalon Rare Metals."


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Read about Australia's rare earth companies which hold around a third of the world's REEs both light and heavy.