Cleveland-Cliffs (CLF) stock rallied as much as 24% early Monday morning after the company announced it would redouble efforts related to mining for rare earth minerals, which has become one of the hottest commodities trades on Wall Street this year. “Beyond steelmaking, the renewed importance of rare earths has driven us to re-focus on this…
In response to questions about the possibility of renewed negotiations between China and the US, President Trump identified rare earths, fentanyl, and soybeans as key concerns. Chinese Foreign Ministry spokesperson Guo Jiakun reiterated that China’s stance on trade issues is clear: “Tariff wars and trade wars do not benefit either side. Both parties should resolve…
President Donald Trump listed rare earths, fentanyl and soybeans as the US’s top issues with China just before the two sides return to the negotiating table and as a fragile trade truce nears expiration. “I don’t want them to play the rare earth game with us,” Trump said on Air Force One on Sunday, as…
US Treasury Secretary Scott Bessent confirmed plans to speak with Chinese Vice-Premier He Lifeng on Friday in a further sign of easing tensions ahead of a potential meeting between the two countries’ leaders. “The vice-premier, who is my counterpart, and I will be speaking this evening at around 8.30, 9 o’clock,” Bessent said at the…
“DON’T WORRY about China, it will all be fine!” President Donald Trump posted on social media on October 12th, days after threatening retaliation for Beijing’s new export controls on batteries and rare earths. Don’t worry, world, it will all be fine, China’s Ministry of Commerce had said, roughly speaking, in a press briefing a day…
This article first appeared on GuruFocus. ASML Holding NV (NASDAQ:ASML) struck a confident tone this week after Beijing unveiled new export restrictions on rare earth materialscritical inputs for chip manufacturing that have sent tremors through the global semiconductor supply chain. Chief Financial Officer Roger Dassen said the company is well prepared, noting that ASML’s long…
Seeing India as a possible ally against China on the issue of rare earths, US treasury secretary Scott Bessent has slammed Beijing, accusing Xi Jinping’s regime of trying to harm with new export controls on minerals used to make magnets crucial to auto, electronic and defence industries. Scott Bessent, US treasury secretary, has been aggressive…
By Mike Dolan -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets The stories driving markets appear to be moving in loops faster than investors can make significant adjustments, with Friday’s dramatic China trade threats seemingly reversed by Sunday and the French Prime Minister who resigned last Monday now…
By Melanie Burton MELBOURNE (Reuters) -Australia is formulating a plan for its critical minerals reserve that will focus on sales of future production, limiting the need for a physical stockpile, industry sources said, as Australian and U.S. leaders prepare to meet next week. Australia’s critical minerals task force hosted a call last week with miners…
China issued a blunt warning to Washington after President Donald Trump threatened a new round of 100% tariffs, stating that it prefers diplomacy over confrontation but will not hesitate to retaliate if provoked. This back-and-forth tariff warning threatens to derail a possible meeting between Trump and Chinese leader Xi Jinping and end a truce in…