Group 1 - Stocks related to rare earth minerals experienced significant gains, with MP Materials rising 15%, USA Rare Earth increasing by 19%, Energy Fuels jumping over 10%, and NioCorp Developments up nearly 14% following President Trump's threats of countermeasures against China [1][2] - China has implemented stricter export controls on rare earths, which are essential for U.S. military applications, robotics, electric vehicles, and electronics [3] - The new regulations require foreign entities to obtain licenses for exporting products containing rare earths valued at 0.1% or more of the goods' total value, and companies using China's extraction, refining, or magnet recycling technology will also need export licenses [4] Group 2 - The U.S. is heavily reliant on imports of rare earths from China, which dominates the global supply chain for these critical minerals [4]
Rare earth stocks jump after Trump says China holding world 'captive' over the metals, threatens countermeasures