Rare earth stocks soar as China tightens supply in trade escalation with Trump

Shares of rare earth elements companies surged on Monday as the United States and China engaged in escalatory measures in their trade dispute.

China recently announced tightened export controls on rare earth elements and similar technology. The further restrictions on rare earths are notable, as they are key inputs for technology that the U.S. needs to be competitive, including semiconductor chips and clean energy.

In response, shares of non-Chinese rare earth companies, including some that have struck deals or discussed terms with the federal government, were up quite a bit.

MP Materials, a U.S. mining company in which the Trump administration has taken an ownership stake, was up more than 21% Monday, while another domestic company, Energy Fuels Inc., rose 17.5%. USA Rare Earth Inc. was up

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