ASX Climbs as Arafura, Alcoa Shares Surge
Australian shares experienced gains, buoyed by strong performances in the mining sector.
- Arafura Resources led the charge, with shares jumping 7% following a $154 million grant.
- Alcoa saw a significant surge in its share price, contributing to the overall positive market sentiment.
Arafura Resources is focused on developing its rare earths project, Nolans, in the Northern Territory, aiming to become a major supplier of neodymium and praseodymium (NdPr) oxide.
“all’s forgiven” - Donald Trump to Australian ambassador Kevin Rudd.
Author's summary: ASX rises due to mining sector gains.