Rare Earths Miner Lynas Climbs as Trade War Roils Global Markets
Gina Rinehart holds a 8.2% stake in Lynas Rare Earths through her privately held company.
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Lynas Rare Earths Ltd., backed by Australia’s richest person Gina Rinehart, has been the most resilient stock on the country’s index since the market turmoil started last week.
Since US President Donald Trump launched the so-called reciprocal tariffs, the Australian miner has been the only stock on the benchmark S&P/ASX 200 Index to avoid decline. After the announcement it rallied every day except for Tuesday, when it remained flat.