GMDC, Deccan Gold Mines Share Price: Shares of mining companies surged up to 18 per cent after India and the US signed a strategic agreement on critical minerals and rare earths on May 26. The pact aims to reduce dependence on China for key resources used in semiconductors, electric vehicles, clean energy, and defence technologies amid rising global concerns over China’s dominance in rare earth supplies.
GMDC, Deccan Gold Share Price: Mining Stocks Rally Up To 20% On India-US Rare Earth Framework
GMDC, Deccan Gold Mines Share Price: Mining stocks jumped after India and the US signed a deal on critical minerals and rare earths. Read further to know what the deal means for the sector
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Leading the rally, Deccan Gold Mines' shares were locked in at 20 per cent upper circuit at Rs 177.60 per share. Shares of Gujarat Mineral Development Corporation (GMDC), a state-run miner that has established a dedicated critical minerals division, also surged as much as 6.60 per cent to Rs 698.35 apiece.
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