Lynas (ASX:LYC) share price jumps 6% to new 52-week high

Lynas Rare Earths Ltd (ASX: LYC) shares have surged higher today to set yet another new 52-week high. At the time of writing, the Lynas share price has climbed 6.04% to a five-year high of $6.67. 

It feels like only a couple of weeks that Lynas shares set a new 52-week high. Probably because it was only weeks ago, as a colleague covered here. Since recovering from its March lows, the Lynas share price has gone from strength to strength.

So, what is driving this sustained rally?

Geopolitical tensions remain high

The United States and China continue to squabble over trade and rare earths are no exception. As a result, the US has been making a concerted effort to reduce its reliance on China’s supply. Lynas has been well-positioned…