Australian lithium miners slump after Trump, Xi discuss rare earth minerals

ReutersJun 6, 2025 5:10 AM

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Australian lithium miners' shares fall following a call between U.S. President Donald Trump and Chinese counterpart Xi Jinping to discuss rare earth minerals

Lithium miners had rallied in the previous session after automakers flagged risks from China's rare-earth export curbs

Pilbara Minerals PLS.AX and Liontown Resources LTR.AX fall 6.1% and 4.6%, respectively

Arizona Lithium AZL.AX and Iluka Resources ILU.AX retreat 8.3% and 4% each

PLS, LTR and ILU among top pct losers on the ASX 200 benchmark index .AXJO, which is down 0.1%

YTD - PLS, ILU, AZL down nearly 42%, 25%, 56%, respectively; LTR up about 17%

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