U.S. Treasury Secretary Scott Bessent told NBC News’ “Meet The Press” on Sunday that Washington and Beijing were expected to reach a deal to avoid a new 100% U.S. tariff on Chinese goods, with Beijing set to defer on imposing strict rare earth export controls. His comments come ahead of a high-stakes meeting between Chinese leader Xi Jinping and U.S. President Donald Trump on Thursday.
mandag 27. oktober 2025
Rare earth stocks extend losses as U.S. expects China to delay export controls
Shares of several U.S.-listed rare earth miners fell sharply on Monday as U.S. officials said they expect China to delay introducing export controls on critical minerals as part of a broader trade deal. Critical Metals fell more than 17% in early deals, USA Rare Earthdeclined 12%, MP Materials was down 7.3% and Trilogy Metals lost 15%. Energy Fuels and NioCorp Developments, meanwhile, traded 14.7% and 9.5% lower, respectively.
U.S. Treasury Secretary Scott Bessent told NBC News’ “Meet The Press” on Sunday that Washington and Beijing were expected to reach a deal to avoid a new 100% U.S. tariff on Chinese goods, with Beijing set to defer on imposing strict rare earth export controls. His comments come ahead of a high-stakes meeting between Chinese leader Xi Jinping and U.S. President Donald Trump on Thursday.
U.S. Treasury Secretary Scott Bessent told NBC News’ “Meet The Press” on Sunday that Washington and Beijing were expected to reach a deal to avoid a new 100% U.S. tariff on Chinese goods, with Beijing set to defer on imposing strict rare earth export controls. His comments come ahead of a high-stakes meeting between Chinese leader Xi Jinping and U.S. President Donald Trump on Thursday.
