Big 7.3% rise in SP today- why? (CXO dropped 5% today)Li prices...

Big 7.3% rise in SP today- why? (CXO dropped 5% today)

Li prices have recently rallied...Cu demand will, eventually, explode, as far more electricity/ transmission wires will be required... then this link, below...DVP to also, later, be a beneficiary of Fed. govt significant funding? We can hope!

The Federal govt. today announced a $840m grant to NT-based ARU, reinforcing the widely proclaimed Western need to be independent of China's control (& China's ban on exports of some processed "Critical Minerals" to the West!) of renewable/decarbonisation minerals.
abc.com 14.3.24 said

"...The Albanese government said the Arafura project was set to become Australia’s first combined rare earths mine and refinery and would help "[secure] Australia’s position as a renewable energy superpower"...

The funding package for the project includes $495 million from the Critical Minerals Facility, $200 million through the Northern Australia Infrastructure Facility (NAIF), $115 million from Export Finance Australia’s Commercial Account, and a further $30 million in grants.

The government's backing of the Arafura project comes after a broad collapse in the global prices of critical minerals.

By the end of January, the price of lithium haddropped more than 80 per cent within a year...

Ms King said Australia would "need more mining, not less" to meet global climate targets and to "build the solar panels, batteries and wind farms" necessary to reduce emissions".

https://www.msn.com/en-au/money/markets/federal-government-to-invest-840m-in-arafura-rare-earths-project-in-central-australia/ar-BB1jRbXN?ocid=msedgdhp&pc=LCTS&cvid=1f1cde5ebf8a4e43a629b1097c1071cf&e