Rare Earth Stocks Decline
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China, Trump and stocks
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China's fresh export controls on rare-earth materials are a critical issue for the European Union, EU trade chief Maros Sefcovic said, as tensions continue to rise between Brussels and Beijing.
Shares of USA Rare Earth, Inc. (NASDAQ: USAR) are trading higher Monday amid a wave of optimism for rare earth materials companies.
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Stocks tied to rare earths jumped after Trump threatened countermeasures against China, noting the country was holding the world "captive" over the metals.
"Some very strange things are happening in China!" Trump posted, hinting that he'll cancel his upcoming talk with Xi Jinping.