Rare Earth Stocks Surge Amid US-China Trade Talks

The US and China agreed on a trade truce that temporarily halts some export controls on chips and rare earths, with China deferring its rare earth export restrictions for a year. While the deal eases tensions, uncertainties remain about the rollback of previous controls, especially for the defense sector. Rare earth stocks experienced volatility, and the agreement did not address Taiwan or Nvidia's chip sales in China, indicating a cautious step back from full escalation. The deal reflects ongoing strategic competition and efforts to diversify supply chains.