US and China Reach Trade Framework Amid Rare Earth Stock Slump
TL;DR Summary
Rare-earth stocks, including MP Materials, declined after positive US-China trade negotiations suggested China might defer export controls on rare-earth materials, which could impact the sector's shares but won't halt Western development of these critical materials used in technology and defense. Despite recent drops, the sector has seen significant gains this year, and US efforts to develop domestic production continue amid ongoing trade discussions.
Topics:nation#business#export-controls#mp-materials#rare-earth-stocks#trade-talks#us-china-relations
- Rare-Earth Stocks Slump. The Bad News for MP Materials and Others in a Trade Deal. Barron's
- Rare earth stocks tumble as U.S. expects China to delay export controls CNBC
- Trump Administration Highlights: U.S. and China Reach Trade ‘Framework’ Ahead of Trump-Xi Meeting The New York Times
- U.S. and China agree to a trade deal 'framework,' treasury secretary says NBC News
- US and China have reached a framework agreement on trade ahead of Trump-Xi meeting. Here’s what we know CNN
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