Trump's Takeover of Canadian Rare Earths Miners Raises Concerns
The Trump administration has invested in companies like Trilogy Metals, MP Materials, and Lithium Americas, as part of its effort to secure critical minerals.
The U.S. stock market experienced a significant decline after President Donald Trump threatened to increase tariffs on Chinese products due to China's control of the rare earths market.
President Donald Trump threatened "a massive increase of tariffs on Chinese products" due to China's continuing strict control of the rare earths market.
- Beijing has increased export controls for five more rare-earth metals, bringing the total number of critical minerals under export control to 12.
- The U.S. is seeking to secure its supply of critical minerals, including rare earths.
Alex Kimani, a finance writer and researcher, reports on the developments in the rare earths market and their impact on the U.S. stock market.
Author's summary: Trump's takeover raises concerns about rare earths market.
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