ASX Climbs as Arafura, Alcoa Shares Surge
Australian shares experienced gains, buoyed by strong performances in the mining sector.
- Arafura Resources led the charge, with shares jumping 7% following a $154 million grant from the Australian government’s critical minerals program.
- Alcoa also saw a significant surge in its share price, contributing to the overall positive market sentiment.
Arafura Resources is focused on developing its rare earths project, Nolans, in the Northern Territory, aiming to become a major supplier of neodymium and praseodymium (NdPr) oxide.
“all’s forgiven”
was reportedly said by Donald Trump to Australian ambassador Kevin Rudd.
Author's summary: Australian shares rise.