Shares of China's rare earths firms rally on renewed Sino-U.S. trade tensions

China Rare Earth Holdings

23/06/2020 03:12

** Shares in China's rare earths-related companies climb, as
worries re-emerge over Sino-U.S. trade tensions
    ** White House trade adviser Peter Navarro said on Monday
the trade deal with China is "over," and he linked the breakdown
in part to Washington's anger over Beijing's not sounding the
alarm earlier about the coronavirus outbreak  urn:newsml:reuters.com:*:nL1N2E000P 
    ** Such stocks are generally sensitive to developments
around Sino-U.S. trade talks, amid speculations that Beijing
would use its supply of rare earths as a negotiating tactic in
its trade war with Washington  
    ** Leading the gains, China Rare Earth Holdings Ltd
 0769.HK  jumps as much as 7.1%
    ** JL MAG Rare-Earth  300748.SZ , Innuovo Technology Co Ltd
 000795.SZ , China Northern Rare Earth Group High-Tech Co Ltd
 600111.SS , China Minmetals Rare Earth  000831.SZ  and Shenghe
Resources Holding  600392.SS  all rise between 1% and 5.4%

 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))