Rare Earth Stocks Rise on Report Some Chinese Suppliers Refuse Shipments to US
MP MP Materials Corp
$54.53 +1.39%
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- 1USA Rare Earth (USAR), MP Materials (MP), and Critical Metals (CRML) in focus after report some Chinese suppliers refuse rare earth shipments to the US
- 2Reuters reports suppliers have refused shipments since early August despite export permits, fearing Beijing retaliation and sanctions; premarket: MP +3.5%, CRML +6.2%, USAR +5%
- 3With Xi Jinping visiting Washington on Sept. 24, rare earths expected on the US agenda; China controls about 70% of mining and 90% of processing
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