Rare Earth Stocks Jump As Trump, Xi Reach Export Delay Deal

Benzinga

U.S.-listed rare earth stocks surged after Trump and Xi Jinping reached a deal delaying China’s new export restrictions. Critical Metals jumped 7%, USA Rare Earth gained 5%, and Energy Fuels rose 3%. The agreement eases supply concerns as the U.S. seeks to reduce reliance on China’s dominant rare earth production.

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

00:02U.S.-listed rare earth mining stocks rose Thursday after China agreed to delay new export restrictions

00:07as part of an agreement between Trump and Chinese leader Xi Jinping, according to CNBC.

00:12Critical metals jumped 7 percent in pre-market trading, USA rare earth gained 5 percent,

00:16and energy fuels rose 3 percent, while empty materials and neocorp developments were up around

00:212 percent. President Trump said the rare earth issue has been settled following an amazing

00:25meeting with Xi in South Korea. It's part of the broader deal, which also included

00:29Washington cutting fentanyl-linked tariffs. China said recently announced export controls on

00:34rare earth will be postponed by one year, Trump expecting the delay to be routinely extended.

00:39Beijing's earlier restrictions from April remain in place. U.S. has long viewed China's dominance

00:43roughly 70 percent of production and 90 percent of processing capacity as a strategic risk to

00:49critical mineral supply chains. For all things money, visit Benzinga.com.

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