Echoes of lithium boom as the ASX’s rare earth stocks rocket

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Fund managers are betting the months-long rally in rare earth stocks is just getting started as fresh tensions between Beijing and Washington fuel a wave of investing in alternative suppliers of the critical minerals.

Shares in rare earth miners rocketed again on Tuesday after China announced late last week that it would dramatically expand its export controls on the materials. The rally was turbocharged by reports of a rare earths deal between Australia and the United States.

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