Business
Rarex (ASX:REE) share price up 915% in a year as rare earth heats up
The Rarex Ltd (ASX: REE) share price rose by 8% yesterday on the back of the company’s investor presentation on Wednesday 17 March.
The rare earth miner’s share price is currently sitting at 13 cents per share, with a 12-month return of 915%, after announcing it was “supercharging” its rare earth growth strategy in 2021.
The company also announced it’s signing a memorandum of understanding (MoU) with US$4.6 billion rare earth producer Shenghe Resources, supplier to Apple Inc (NASDAQ: AAPL).
Rare earth prices surging on forecasted EV demand
Rarex owns 100% of the tier-1 Cummins Range Rare Earths project in Western Australia, and also has a 35% stake in Trundle Project in New South Wales.
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