Shares of American rare metals producers are rising strongly!

Trump's decision comes in response to Beijing's strict restrictions on exports of critical minerals, CNBC reports. USA Rare Earth and Critical Metals shares rose by more than 25%, MP Materials advanced by about 20%, Energy Fuels by 16%, and NioCorp Developments and Ramaco Resources recorded increases of about 10%,
Information published by Profit.ro can only be taken within the limit of 500 characters and with the active link source cited in the lead. Any deviation from this rule constitutes a violation of Law 8/1996 on copyright. China has expanded export controls to five more rare earth elements, as well as technologies, equipment and labor involved in their processing, according to analyst Alicia Garcia Herrero from Natixis. The measures go far beyond Beijing's previous restrictions and could affect global supply chains of essential minerals for strategic industries. In response, JPMorgan Chase announced that it would invest up to $10 billion in sectors considered vital to US national security, including critical minerals. "It is clear that the United States has become too dependent on unreliable sources for resources essential to our economy and defense," said the bank's CEO, Jamie Dimon.

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At the same time, the Defense Department is accelerating plans to build a $1 billion strategic reserve of critical minerals, according to the Financial Times. Rare earths, a category of critical minerals, are key components for military equipment, industrial robots, electric vehicles and electronics, and the ongoing dispute between Washington and Beijing could reshape the global balance in supply chains for cutting-edge technologies.
Information published by Profit.ro may only be taken within the limit of 500 characters and with the citation of the source with an active link in the lead. Any deviation from this rule constitutes a violation of Law 8/1996 on copyright.

Source: profit.ro