Australia Weighs Minerals Price Floor to Lure Overseas Funds

Australia is weighing a price floor for critical minerals including rare earths, a move that sent local producers’ shares higher, as it seeks to counter China’s dominance and lure foreign investment into new mines and processing projects.

The nation, holder of the fourth-largest rare earth reserves, is among countries weighing a minimum price for the critical minerals used in everything from defense industries to tech firms to help producers compete in a market saturated by Chinese supply.