In an aerial view, a container ship arrives on the Port of Oakland on October 10, 2025 in Oakland, California. U.S. President Donald Trump is threatening to impose an enormous enhance of tariffs on Chinese language imports in response to China’s announcement of latest export controls on uncommon earths. China controls an estimated 70% of the worldwide provide of uncommon earths minerals.
Justin Sullivan | Getty Photos Information | Getty Photos
Shares of U.S. uncommon earth miners rallied in premarket commerce on Tuesday, extending sharp features from the earlier session after U.S. President Donald Trump threatened China with 100% tariffs over Beijing’s strict export controls on vital minerals.
Essential Metals jumped greater than 36% in premarket, USA Uncommon Earth rallied 12% and MP Supplies rose 9%. Shares of Vitality Fuels have been final seen up 12.6%, whereas NioCorp Developments stood almost 10% greater.
The strikes come as traders maintain a detailed eye on the potential for a renewed commerce spat between the world’s two largest economies.
Trump on Friday introduced the U.S. would impose new tariffs of 100% on imports from China ranging from Nov. 1, including that the White Home would additionally slap export controls on “any and all vital software program.”
The U.S. president appeared to water down his rhetoric on Sunday, nonetheless, saying the state of affairs with Beijing will “be wonderful.”
China on Thursday introduced a brand new framework for proscribing uncommon earth exports in a transfer that was seen as a stark warning to the West — and a mirrored image of the deepening distrust between Beijing and Washington.
China is the undisputed chief of the vital minerals provide chain, producing almost 70% of the world’s provide of uncommon earths from mines and processing nearly 90%, which implies it’s importing these supplies from different international locations and refining them.
Western officers have repeatedly flagged Beijing’s provide chain dominance as a strategic problem, notably on condition that vital mineral demand is anticipated to develop exponentially, because the clear power transition picks up tempo.