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Ramaco Resources Stock Surges on China’s Rare Earth Export Restrictions
Ramaco Resources Stock Surges on China’s Rare Earth Export Restrictions
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BTCCSquare news:
Ramaco Resources (METC) saw its shares jump nearly 12% as China's Commerce Ministry imposed new export licensing requirements for rare earth minerals. The MOVE tightens control over strategic resources amid ongoing U.S.-China trade tensions.
The company's Brook Mine in Wyoming—the first new U.S. rare earth operation in seven decades—positions it to benefit from supply constraints. Rare earth miners broadly outperformed the S&P 500, which dipped 0.3% during the session.
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