Shares of US Uncommon-Earth Corporations Sink Earlier than Bell on Bessent Feedback
38 minutes in the past
Shares of U.S. rare-earth producers dropped in premarket buying and selling on feedback by Treasury Secretary Scott Bessent that may delay export curbs of the minerals.
Crucial Metals (CRML), USA Uncommon Earth (USAR), and MP Supplies (MP) sank a respective 10%, 9%, and 6% earlier than the bell after Bessent instructed ABC that “I consider they’re going to delay that for a 12 months whereas they re-examine it.”
The U.S. corporations’ shares had soared earlier this month following Washington’s commerce spat with Beijing. Uncommon-earth minerals are key to many high-tech industries, together with chipmaking, and China is the highest international producer.
Getting into Monday, shares of MP Supplies, Crucial Metals, and USA Uncommon Earth had skyrocketed about 350%, 120%, and 105%, respectively.
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1 hr 19 min in the past
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