Rare Earths Miners Rally as Beijing Pauses New Export Curbs After Trump–Xi Meeting
U.S.-listed rare earths names advanced after China agreed to delay additional export controls for one year, easing near-term supply risk following talks between President Trump and President Xi.
Critical Metals gained nearly 7% premarket, USA Rare Earth rose about 6%, and Energy Fuels added ~3%, with MP Materials and NioCorp up around 3%.
While existing restrictions from April remain, the pause—paired with Washington’s move to cut fentanyl-linked tariffs—tempers immediate pressure on downstream sectors from autos to defense.
The relief comes against a structurally tight backdrop: China still produces roughly 70% of global rare earths and processes nearly 90%, underscoring persistent strategic dependence even as markets price a tactical de-escalation.
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