Shares of Australian rare earths developers Lynas Rare Earths Ltd (OTCPK:LYSCF)(ASX:LYC) and Arafura Rare Earths Ltd (OTCPK:ARAFF)(ASX: ARU) have tanked after Tesla Inc. (NASDAQ:TSLA) outlined plans to stop using rare earths in its next-generation EVs at the company’s investor day event last week. They aren’t alone.
Rare Earths miners across the board are getting the wind knocked out of their sails, from East to West, from China to Australia. Tesla has already cut rare earth…How Tesla Plans To Distance Itself from Problematic Supply Chains
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