Rare Earths Just Got a Policy Premium – But Not Where You Think

Policy is picking winners in the rare earths chain, follow the contracts not just the ore

5 Min Read

Australia rare earths strategy in focus, the sharp rally in Australian Strategic Materials (ASX: ASM) this week highlights how sensitive Australia's critical minerals sector is to geopolitics. The stock nearly doubled without a company update, driven instead by China's latest restrictions on rare earth exports. The episode underscores how policy, not production, is increasingly shaping valuations in the rare earths space.

What's Actually Changing

The surge in ASM's share price, and others across the sector, reflects a shift in investor attention from geology to supply chain sovereignty. China's decision. . .

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