Why is the Arafura share price surging 11% today?

MotleyFool05-15

The Arafura Rare Earths Ltd (ASX: ARU) share price is having a strong session. In fact, at one stage today, the rare earths developer's shares were up as much as 11% to 20.5 cents. Its shares have ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2435508620?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-15 11:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2435508620","market":"us","top_or_hot":-1,"title":"Why is the Arafura share price surging 11% today?","media":"MotleyFool","content":"<div>\n<p>The Arafura Rare Earths Ltd (ASX: ARU) share price is having a strong session. In fact, at one stage today, the rare earths developer's shares were up as much as 11% to 20.5 cents. Its shares have ...</p>\n\n<a href=\"https://www.fool.com.au/2024/05/15/why-is-the-arafura-share-price-surging-11-today/\">Source Link</a>\n\n</div>\n","source":"motleyfoolau_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why is the Arafura share price surging 11% today?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy is the Arafura share price surging 11% today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-15 11:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2024/05/15/why-is-the-arafura-share-price-surging-11-today/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Arafura Rare Earths Ltd (ASX: ARU) share price is having a strong session. In fact, at one stage today, the rare earths developer's shares were up as much as 11% to 20.5 cents. Its shares have ...</p>\n\n<a href=\"https://www.fool.com.au/2024/05/15/why-is-the-arafura-share-price-surging-11-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2756315318.SGD","symbol_name":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","start_time":0,"source_url":"https://www.fool.com.au/2024/05/15/why-is-the-arafura-share-price-surging-11-today/","article_id":"2435508620","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2435508620","pubTimestamp":1715744485,"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"The Arafura Rare Earths Ltd  share price is having a strong session. In fact, at one stage today, the rare earths developer's shares were up as much as 11% to 20.5 cents. Its shares have eased back a touch since then but remain up 5.5% in afternoon trade. Why is the Arafura share price zooming higher?","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","XKO.AU":"标普/澳交所 300指数","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","XJO.AU":"标普/澳交所 200指数","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","ARU.AU":"ARAFURA RARE EARTHS LTD","LU1093756325.SGD":"FTIF - Franklin K2 Alt Strat Fd A (acc) SGD-H1","BK4187":"航天航空与国防","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","XAO.AU":"标普/澳交所 普通股指数","LU1261432733.SGD":"Fidelity World A-ACC-SGD","BK4585":"ETF&股票定投概念","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","GE":"GE航空航天","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BK4566":"资本集团","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4206":"工业集团企业","BK4501":"段永平概念","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4588":"碎股","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","BK7095":"多种金属与采矿","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0149725797.USD":"汇丰美国股市经济规模基金","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD"},"translate_title":"为什么Arafura股价今天飙升11%？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GE":1,"ARU.AU":1,"XJO.AU":0.9,"XAO.AU":0.9,"XKO.AU":0.9},"content_text":"The Arafura Rare Earths Ltd (ASX: ARU) share price is having a strong session. In fact, at one stage today, the rare earths developer's shares were up as much as 11% to 20.5 cents. Its shares have eased back a touch since then but remain up 5.5% in afternoon trade. Why is the Arafura share price zooming higher? Investors have been fighting to get hold of the company's shares today in response to the Federal Budget. The market appears to believe that Arafura Rare Earths will benefit from the government's target of making Australia a renewable energy superpower. This target includes the Government investing almost $9 billion over the decade into critical minerals supply chains. The Budget explains:  The Government is investing $8.8 billion over the decade to add more value to our resources and strengthen critical minerals supply chains. This Budget establishes a production tax incentive for processing and refining critical minerals at an estimated cost of $7 billion over the decade. It commits up to $1.2 billion in strategic critical minerals projects through the Critical Minerals Facility and the Northern Australia Infrastructure Facility, and pre‑feasibility studies for common user precincts.  Arafura Rare Earths is developing the Nolans Project, which is 135 kilometres north of Alice Springs in Australia's Northern Territory. The company highlights that the cornerstone of the project is one of the world's largest undeveloped Neodymium and Praesodymium (NdPr) resources. With an initial mine life of 38 years and a valuable phosphoric acid by-product, it believes that Nolans will be a long life, low cost operation producing NdPr oxide. This is a critical component of rapidly growing global demand for electric vehicles and renewable energy technology. Arafura Rare Earths may not be commencing production any time soon, but it already has binding offtake agreements in place. This includes with automakers Hyundai and Kia, and Siemens Gamesa Renewable Energy. In addition, the company has a memorandum of understanding in place with giant General Electric (NYSE: GE), and is progressing advanced negotiations with several prospective offtake partners. The company has already been a winner from previous government funding. Earlier this year, it secured conditional Commonwealth Government approval for a debt financing package of US$533 million to progress the Nolans Project. Commenting on that approval, CEO, Darryl Cuzzubbo, said:  Securing debt facilities of US$533 million from EFA and NAIF is a critical achievement for the Nolans Project and signifies its economic importance to Australia and the Northern Territory. \"Gaining this level of support from the Commonwealth Government is a critical milestone in becoming a globally significant producer of NdPr, a product essential for electric vehicle and wind turbine manufacturers to achieve future growth targets as part of the energy transition.  Arafura Rare Earths has yet to comment on the Federal Budget.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.23.1","shortVersion":"4.23.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2435508620"}