Rare earth miners fall; US drops price-floor plans, sources say

NioCorp Developments

29/01/2026 10:05

** U.S.-listed shares of rare earth miners fall in premarket trading

** The Trump administration is stepping back from plans to guarantee a minimum price for U.S. critical minerals projects, multiple sources tell Reuters

** Critical Metals CRML.O slumps 8.2%; United States Antimony UAMY.N plunges 8%

** USA Rare Earth USAR.O falls 9.9%; MP Materials MP.N down 5.2%

** NioCorp NB.O declines 5.8%; Energy Fuels UUUU.A down 5.3%

** Trilogy Metals TMQ.N down 3.3%; Ramaco Resources METC.O drops 5.2%

** The shift reverses commitments from a July meeting where officials told mineral executives that price floors (like the one given to MP Materials) would be available to other projects

** The U.S. still supports critical minerals through other methods, including equity investments and stockpiling

(Reporting by Ragini Mathur in Bengaluru)

((Ragini.Mathur@thomsonreuters.com;))