Australian rare earth companies surge amid US-China tariffs

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The ASX declined amid broad selling, though gold producers and rare-earth miners saw strong demand. Lynas Rare Earths, Australian Strategic Minerals, and Arafura Rare Earths saw gains after China announced restrictions in exports and Donald Trump's latest tariffs-on-China announcement. Meanwhile, Bitcoin had a rough weekend, and oil prices dropped below $60 per barrel.

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