(Reuters) – China-based Shenghe Resources said on Monday its unit’s Singapore firm signed an agreement to acquire new shares in Australia-based rare-earth miner Vital Metals for about A$14.8 million ($9.34 million).
Vital Metals did not immediately respond to a Reuters’ request for comment.
($1 = 1.5843 Australian dollars)
(Reporting by Himanshi Akhand in Bengaluru; Editing by Subhranshu Sahu)