Rare earths drive index outperformers
The political skirmish between China and Japan over rare earth exports has sparked investor interest in junior explorers with exposure to the minerals.
The political skirmish between China and Japan over rare earth exports has sparked investor interest in junior explorers with exposure to the bizarrely-named minerals, which are used in high-tech applications such as wind turbines, hybrid cars and mobile phones.
Companies with projects containing rare earths as well as minor metals, such as lithium and niobium, which are used in lithium batteries and stainless steel alloys respectively, have seen their share prices climb on average by 56 per cent in the past three months, according to Resource Capital Research. They have easily outperformed the S&P/ASX 300 Metals and Mining Index, which has climbed by about 12 per cent over the same period.
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