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Rare Earth and Miner Stocks Rally as China Tightens Export Controls
Rare Earth and Miner Stocks Rally as China Tightens Export Controls
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BTCCSquare news:
Shares of rare earth and mineral mining companies outside China surged Thursday after Beijing expanded licensing requirements for exports of critical materials. The move, citing national security concerns, sent USA Rare Earth (USAR) up 15%, MP Materials (MP) 3% higher, and lithium producer Albemarle (ALB) rallying 5%—making it the S&P 500's top performer.
The sector's gains defied broader market declines as investors bet on supply chain diversification. China dominates global rare earth production, essential for technologies from EVs to defense systems. Recent U.S. government investments in strategic miners underscore growing geopolitical tensions over resource access.
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