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NioCorp Developments ( (NB) ) has provided an announcement.
NioCorp Developments has announced that China is intensifying export restrictions on several critical minerals essential for defense and technology industries, impacting the U.S. and its allies. The restrictions, which now include minerals like tungsten and indium, could significantly affect the U.S. defense sector, underscoring the urgency for the U.S. to boost its own mineral production and reduce reliance on adversarial nations.
More about NioCorp Developments
NioCorp Developments Ltd. operates in the critical minerals industry, focusing on the production of niobium, scandium, titanium, and rare earths at its Elk Creek Critical Minerals Project in Nebraska. These minerals play a vital role in defense and commercial applications.
YTD Price Performance: 53.95%
Average Trading Volume: 195,478
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $109M
For an in-depth examination of NB stock, go to TipRanks’ Stock Analysis page.
