GMDC Share Price Falls 14% From Day’s High
GMDC share price erased morning gains to extend decline for third consecutive trading session. The stock has fallen over 14% from its intraday high on Thursday.
Prior to Tuesday’s decline, shares of Gujarat Mineral Development Corporation Ltd. had rallied more than 18% in two days.
That rally in GMDC share price came after China removing restrictions on exports of rare earth magnets to India.
Besides, The government’s renewed emphasis on rare earth minerals lifted GMDC shares. India is also in talks for a Free Trade Agreement with Peru, which now includes a dedicated chapter on rare earths to secure critical mineral supplies.
China has told India it will restart shipments of fertiliser, rare earth minerals, and tunnel boring machines,…
