Rare earth stocks rally in premarket, extending gains amid renewed U.S.-China trade dispute
U.S. rare earth mining companies’ stocks surged following President Trump’s warning of 100% tariffs on Chinese imports due to tightened export restrictions. Critical Metals rose over 38%, reflecting concerns over U.S.-China trade tensions. Investor enthusiasm highlights the strategic importance of rare earths in clean energy technology amidst worries about China’s market dominance.