President Donald Trump is expected to meet Chinese President Xi Jinping this week where rare earths could emerge as a key discussion point.

Lynas Rare Earths' Q1 revenue jumped 66% to A$200.2 million, driven by strong global demand for strategic metals amid supply chain shifts.

A screen of 15 rare earth producers highlights seven for which analysts expect double-digit sales growth combined with rapid earnings-per-share increases.

Lynas Rare Earths will closely manage production rates and sales until there is more clarity on Chinese export controls on rare earths and related technologies.

Australia's richest person Gina Rinehart has doubled down on her holdings in Australia's Arafura Rare Earths , even as shares of the developer fell by more than a fifth of its value on Wednesday due to a discounted share placement.

Takaichi also accompanied Trump aboard a US aircraft carrier, the USS George Washington, where they were greeted by thousands of cheering American troops. Takaichi took the stage and praised what she called the "greatest alliance in the world" and pledged to increase defence spending.

The United States and Japan are aiming to further strengthen their economic and security alliance as Japan's new Prime Minister Sanae Takaichi on Tuesday heralded what she hoped would be a "new golden age" in bilateral ties.

Tony Sage, CEO of rare earths miner Critical Metals Corp, said the U.S.-listed firm has received “phenomenal” interest from the Middle East. His comments come as business leaders convene at Saudi Arabia's Future Investment Initiative (FII) in Riyadh, an event dubbed "Davos in the Desert."