SYDNEY -- Brazilian Rare Earths (BRE), a mineral exploration company backed by Australia's richest mining magnate, ended its first trading day on the Australian Securities Exchange up nearly 9%.
Commodities
Rare earths company backed by Australian mining magnate surges on listing
Brazilian Rare Earths ends first trading day up 9% amid hopes for green tech industry
Recently listed Brazilian Rare Earths is in the early stage of exploring for deposits in Brazil's northeastern state of Bahia. (Nikkei montage/Source photos by Reuters and Brazilian Rare Earths)
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