Australia's Lynas near 3-week high after China bans export of critical minerals to US
China on Tuesday banned exports of gallium, germanium and antimony that have widespread military applications to the United States, escalating trade tensions after Washington's latest crackdown on China's chip sector. China's decision has raised concerns that it could target other critical minerals, including those with even broader usage such as nickel or cobalt, and rare-earths. Shares of Lynas, the world's biggest producer of rare earth minerals outside China, ended the session up by 5% at A$7.32, and was among the top gainers on the benchmark ASX 200, which slipped 0.4%.