A US–Australia critical minerals push is drawing American capital to ASX rare earths, from takeover bids to export finance talks.
Commodities
Rio Tinto laid out a new “stronger, faster, simpler” strategy just last month. Now its plans to create a sprawling mega miner through a merger with its Anglo-Swiss rival have been given an early vote of no confidence.
The financial services giant has revealed it is preparing internal candidates to succeed Shemara Wikramanayake when she eventually exits.
ASX-listed Arafura Rare Earths has praised the landmark deal, but Pilbara Minerals expressed concerns funding could be squandered on unsustainable projects.
Some gold miners are looking to use high prices to reinvest in mine life extensions and process efficiency rather than chasing pure output growth.
