Noble Group to take stake in Australian rare earths developer Arafura
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MELBOURNE (Reuters) - Commodities trading firm Noble Group is set to take a small stake in ambitious Australian rare earths developer Arafura, raising its exposure to strategic minerals critical to high-tech industries and electric vehicles. In a filing to the Australian Securities Exchange on Thursday, Arafura said that Noble's rare earths subsidiary Talaxis would underwrite A$7.2 million of a A$23.2 million (£12.6 million) share offering. According to Reuters calculations, that would give..