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Rare earth miners rise after China tightens export controls

Updates

 ** Shares of rare earth metals producers rise after China tightens export controls

** Thursday's announcement follows U.S. lawmakers' call for broader bans on the export of chipmaking equipment to China and expands on sweeping controls Beijing announced in April

** China produces over 90% of the world's processed rare earths and rare earth magnets

** Shares of Critical Metals CRML.O surge nearly 18% to $13.86 and Ramaco Resources METC.O up 11%.

** Shares of NioCorp Developments gain 5.5%, while Trilogy Metals TMQ.TO, MP Materials MP.N and USA Rare Earth USAR.O rise over 4%

** VanEck Rare Earth and Strategic Metals ETF REMX.P up 1%

 (Reporting by Vallari Srivastava in Bengaluru)

 ((Srivastava.Vallari@thomsonreuters.com;))

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