US Stock Market Move | Rare earth concept stocks surged significantly, with Critical Metals (CRML.US) rising over 14%.

On Friday, rare earth concept stocks in the US surged significantly. Critical Metals (CRML.US) rose by over 14%, United States Antimony (UAMY.US) increased by 9%, Energy Fuels (UUUU.US) was up by over 6%, MP Materials (MP.US) rose by over 4%, and American Resources (AREC.US) increased by over 2%. On the news front, on October 9th, the Chinese Ministry of Commerce issued two announcements strengthening export controls on rare earth-related items containing Chinese components and rare earth-related technologies. It is reported that China currently dominates the global rare earth supply chain. According to data from the US Geological Survey in 2025, the global rare earth ore reserves are estimated at about 90 million tons, with China accounting for 44 million tons, or 48%. In 2024, the global total production was 390,000 tons, with China contributing 270,000 tons, accounting for 69%. More importantly, China controls over 90% of rare earth smelting and separation technology, capable of achieving 99.99% purity refinement, a core technology where Western countries are lacking.