In an aerial view, a container ship sits docked at the Port of Oakland on October 10, 2025 in Oakland, California.
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Shares of several U.S.-listed rare earth miners fell 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 nearly 8% in premarket trade, USA Rare Earth declined 7.4%, MP Materials was down 5.2% and Trilogy Metals lost 5%. Energy Fuels and NioCorp Developments, meanwhile, were both seen trading around 6% lower.
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.
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