BTCC
/
BTCC Square
/
Global Cryptocurrency
/
TMC The Metals Company Stock Plummets Amid U.S.-China Trade Developments
TMC The Metals Company Stock Plummets Amid U.S.-China Trade Developments
8
1
BTCCSquare news:
TMC The Metals Company's stock tumbled 8.2% during Tuesday's trading session, significantly underperforming the broader market indices. The sell-off follows the TRUMP administration's decision to lift export licensing requirements for advanced semiconductor sales to China—a move aimed at advancing trade talks but one that may undermine TMC's seabed mining expansion thesis.
Investors had previously driven TMC's shares higher this year on bets its underwater mineral extraction capabilities WOULD bolster U.S. supply chain resilience. Now, potential rare earth mineral concessions in a U.S.-China trade deal threaten that narrative. The market appears to be repricing TMC's valuation as geopolitical winds shift.
By:
Previous
Tornado Cash Developer Roman Storm Opts Not to Testify in Money Laundering Trial
Next
SoFi Technologies Stock Surges on Strong Q2 Earnings Beat
