US Stock Market Move | Rare earth concept stocks continue to rise, China strengthens rare earth export controls.

On Thursday, the rare earth concept stocks continued their strong performance. As of the time of publication, Critical Metals (CRML.US) surged over 19%, United States Antimony (UAMY.US) and Energy Fuels (UUUU.US) rose over 9%, American Resources (AREC.US) and MP Materials (MP.US) rose over 4%. On the news front, the Ministry of Commerce spokesperson responded to questions from reporters regarding the strengthening of export control of rare earth-related items. The spokesperson stated that since the beginning of this year, the National Export Control Coordination Office has organized special operations to combat the smuggling of strategic mineral resources exports, and achieved positive results. At the same time, relevant departments have also discovered that some overseas organizations and individuals have illegally obtained rare earth technology from China, produced rare earth-related items, and provided them to military or other sensitive users, causing significant harm or potential threats to China's national security and interests, and adverse impacts on international peace and stability. To prevent related risks, after careful evaluation, the Chinese government has decided to implement export controls on rare earth-related technologies, while also making clear regulations for Chinese organizations and individuals engaged in related activities to better safeguard national security and interests, fulfill international obligations such as non-proliferation, and ensure the safety and stability of the global rare earth industry supply chain.