Overview
- U.S. rare-earth and critical-minerals shares extended gains on Tuesday, with heavy trading following a strong Monday rally led by MP Materials, Critical Metals, USA Rare Earth and others.
- President Donald Trump threatened 100% tariffs on Chinese imports starting November 1 in response to Beijing’s rare-earth export restrictions, though he later signaled confidence that tensions will ease.
- China tightened controls that will require licenses for exports of products containing more than 0.1% Chinese rare earths or made using Chinese extraction, refining, magnet-making or recycling technology, effective December 1.
- JPMorgan launched a $1.5 trillion initiative with up to $10 billion in direct equity investments targeting critical minerals and other national security sectors, bolstering investor conviction in domestic supply chains.
- Critical Metals said REalloys signed a letter of intent for a 10-year off-take covering 15% of projected concentrate from the Tanbreez project in Greenland, adding commercial visibility as China’s processing dominance near 90% keeps supply risk elevated.