US-listed rare earth stocks climb as Trump reignites trade war over China's export curbs

Energy Fuels

13/10/2025 09:59

** Shares of U.S. rare earth miners rise in premarket trading after U.S. President Donald Trump revives the trade war against Beijing

** The new trade steps were Trump's reaction to China dramatically expanding its rare earth element export controls

** Shares of Critical Metals CRML.O surge over 19% to $17.83

** USA Rare Earth USAR.O jumps 23.5%, MP Materials MP.N rises 7.8%, NioCorp NB.O up 16.55% and Energy Fuels UUUU.A rises 12.2%

** The Trump administration is ramping up efforts to secure U.S. supply chains for critical minerals and semiconductors by converting federal grants to companies into equity stakes, aimed at reducing reliance on China

** China produces over 90% of the world's processed rare earths and rare earth magnets; U.S. has only one rare earth mine

** While Trump had threatened 100% tariffs on China from November 1 and Beijing has threatened countermeasures, Trump sounded more conciliatory on Sunday, posting that everything would be fine and the U.S. did not want to "hurt" China

 (Reporting by Katha Kalia and Arunima Kumar in Bengaluru)

 ((katha.kalia@thomsonreuters.com;))