U.S. stocks rise on Fed cut bets; earnings continue to flow
Investing.com -- US-listed critical mineral companies are seeing significant gains in Tuesday’s premarket trading as China implements additional retaliatory measures against the US shipping industry, highlighting ongoing trade tensions between the world’s two largest economies.
Rare earth companies are leading the surge, with Critical Metals jumping 37% before market open, followed by USA Rare Earth rising 12%, MP Materials up 8.8%, and Energy Fuels advancing 13%.
Other companies in the sector are also benefiting from the trade dispute, with United States Antimony climbing 15%, Almonty Industries gaining 7.4%, Nouveau Monde Graphite soaring 22%, and American Battery Technology increasing 14%.
The sector has been rallying throughout the past week after China tightened export controls on rare earths, which are crucial components in many high-tech applications. These restrictions represent a key element in the escalating trade tensions between Washington and Beijing.
On Tuesday, China sanctioned the US units of a South Korean shipping giant and threatened additional retaliatory measures targeting the shipping industry, further intensifying the trade conflict.
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