Rare-Earth Metal Shares Extend Gains as U.S.-China Trade Tensions Re-Escalate
By Kelly Cloonan
Critical-mineral companies extended recent gains after China hit back at the U.S. over trade.
Critical Metals climbed 27% in premarket trading on Tuesday after closing up 55% on Monday. United States Antimony gained 14%, Energy Fuels rose 11% and USA Rare Earth was up 9%. MP Materials edged up 3.7%.
Beijing moved to effectively ban Chinese companies from doing business with U.S. subsidiaries of a South Korean shipbuilding giant.
China said the Hanwha Ocean subsidiaries supported the U.S. government and hurt Chinese firms' interests.
The move reignited trade tensions after comments from Trump over the weekend briefly eased fears of a revived trade war with China. "Don't worry about China, it will all be fine! Highly respected President Xi just had a bad moment," Trump said Sunday on his Truth Social platform.
Trump had threatened 100% tariffs on Friday after Beijing moved to impose restrictions on the export of rare-earth minerals.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
October 14, 2025 09:40 ET (13:40 GMT)
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