Critical Mineral Stocks Soar in Australia as US Hunts Stakes

Australian mining companies with critical minerals projects made dizzying stock gains, fueled by signs of US interest in equity stakes as President Donald Trump and China intensify their strategic competition.

Companies including Nova Minerals Ltd. and Resolution Minerals Ltd. will brief the Australian government before talks between Prime Minister Anthony Albanese and Trump in Washington next week, according to statements. Their mines in the US hold antimony and tungsten, used in defense technologies.