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Markets · Investing · Business
Finance
Why China's Ban Gave a Boost to MP Materials and USA Rare Earth
China's export ban to the two companies shows they are seen as a threat to that country's rare-earth dominance.
On June 22, China added 10 U.S. companies to its export-control list, including rare-earth mining companies MP Materials(NYSE: MP) and USA Rare Earth(NASDAQ: USAR). Both stocks are up over the past five days, despite the news.
The restrictions are designed to stop dual-use item exports from China from reaching the companies. While the news appears negative on its face, the market often interprets these actions as a long-term validation of the companies' strategic importance and a catalyst for increased domestic government support.
Here are two reasons why the two mining stocks are climbing, and one reason to be cautious.
Capital Daily covers markets, crypto and commodities for Asia & the Middle East — tier-1 desk research, AI-driven analysis, institutional-grade data. Tip our newsroom: [email protected]
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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