Noble Group takes another bet on rare earths
Published: Friday, 21 June 2019
Coal trader Noble Group has made a fresh investment into rare earths, underlining the new interest in non-Chinese projects.
By Cristina Belda, William
Commodities trading house Noble Group is
taking a stake in Australian junior Arafura and, therefore,
making a bet on rare earths.
Noble’s subsidiary Talaxis
will underwrite A$7.2m ($5 million) of an A$23.2 million
placing in Arafura Resources in Australia.