U.S. Rare Earth Stocks Jump As China Tightens Export Controls Ahead Of Trump-Xi Meeting

Benzinga

U.S. rare earth miner stocks surged after China tightened export rules, sparking talk of new U.S. supply chain initiatives. With a Trump-Xi summit ahead, MP Materials called the move a wake-up call for national security resilience.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Shares of U.S. rare earth and critical mineral miners rose sharply after China Titan export

00:07restrictions, according to CNBC. The move fueled speculation that the Trump administration will

00:11step up efforts to develop a domestic supply chain. Beijing now requires foreign companies

00:16to obtain licenses for products containing rare earths worth at least 0.1 percent of a

00:20goods value or using Chinese extraction, refining or magnet technology. Rules come out of a Trump

00:26meeting at the Asia Pacific Economic Cooperation Summit in Seoul later this month. The White

00:31House, which already holds stakes at MP Materials, Lithium Americas and Trilogy Metals, said it

00:36is assessing the impact of China's move. MP Materials called the restrictions a reminder

00:40that building resilient supply chains is a matter of national security.

00:43For all things money, visit Benzinga.com.

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