Shares of U.S.-listed critical mineral producers surged in premarket trading on Tuesday after China unveiled new retaliatory actions against the U.S. shipping sector, underscoring escalating trade tensions between the two largest economies in the world.
Rare earth stocks led the rally: Critical Metals (NASDAQ:CRML) jumped 37% ahead of the opening bell, while USA Rare Earth (NASDAQ:USAR) climbed 12%. MP Materials (NYSE:MP) rose 8.8% and Energy Fuels Inc. (AMEX:UUUU) advanced 13%.
The upward momentum extended to other key players in the sector. United States Antimony Corporation (AMEX:UAMY) gained 15%, Almonty Industries (NASDAQ:ALM) rose 7.4%, Nouveau Monde Graphite (NYSE:NMG) surged 22%, and American Battery Technology Company (NASDAQ:ABAT) increased 14%.
The rally builds on a strong week for the sector following Beijing’s decision to impose stricter export controls on rare earth elements — essential materials for advanced technologies, including electronics, defense systems, and renewable energy applications.
On Tuesday, China also sanctioned U.S. subsidiaries of a major South Korean shipping company and warned of additional countermeasures against the maritime industry, intensifying the trade standoff.
United States Antimony Corporation stock price
Almonty Industries stock price
Nouveau Monde Graphite stock price
American Battery Technology Company stock price
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