Three top share tips to profit from the boom in rare earths

News that China may be seeking to restrict exports of rare earths have sent prices of the metals, and shares of western miners, sharply higher this week. That has added to six months of big rises as investors recognised their importance to countries’ desire to rebuild their economies from Covid in a greener way.

But what are these elements, and which UK stocks can you buy to get a slice of the action?

What are rare earth metals?

From electric cars to offshore windfarms to defence aerospace, rare earth elements are vital for use in magnets, microchips, batteries and other uses that will be critical for future production of electricity generating and electric vehicles.

Pensana plc (LON:PRE) explores and mines neodymium, praseodymium, and rare earth minerals. The company is looking to establish the world’s first fully sustainable magnet metal rare earth oxide producer at the Saltend Chemicals Park in the Humber Local Enterprise Partnership Yorkshire, UK.

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Angolan rare earth project construction progressing

Magnet metals miner Pensana, continuing with the site development works for its rare-earth elements Longonjo project, in Angola, reported towards the end of August that it was progressing with site infrastructure development underway, in preparation for

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Pensana in several advanced offtake discussions

Pensana provided the following update on the financing of both the Longonjo and Saltend projects. Highlights from Pensana Pensana plc (LON:PRE) explores and mines neodymium, praseodymium, and rare earth minerals. The Company’s flagship assets are the Saltend

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Penansa makes headway on Longonjo financing

Rare earths and magnet metals mining company Pensana’s engineering team has successfully completed a modular redesign of the Longonjo neodymium and praseodymium mine and processing facility in Angola, with a total capital expenditure (capex) of $200-million. “The completion of the engineering redesign, together with

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Pensana at Critical Minerals Africa

Pensana plc (LON:PRE) explores and mines neodymium, praseodymium, and rare earth minerals. The Company’s flagship assets are the Saltend rare earth refinery project in the United Kingdom and Longonjo neodymium and praseodymium (NdPr) Project in Angola.

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Pensana publishes 2023 Annual Financial Report

Pensana plc (LON:PRE) has advised that the Annual Report for the year ended 30 June 2023 has been published on the Company’s website. The Notice of Annual General Meeting and Form of Proxy will be published

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Pensana updates on financing of Longonjo and Saltend projects

Pensana plc (LON:PRE) has provided the following update on the financing of both the Longonjo and Saltend projects. Highlights The engineering team has successfully completed a modular redesign of the Longonjo mine and processing facility, with