US Stock Market Move | Rare earth concept stocks fell, American Resources (AREC.US) dropped by more than 20%.

On Monday, rare earth concept stocks in the US plummeted, with American Resources (AREC.US) and United States Antimony (UAMY.US) falling by over 20%, Critical Metals (CRML.US) falling by over 19%, USA Rare Earth (USAR.US) falling by over 13%, and MP Materials (MP.US) falling by over 10%. On the news front, earlier, US Treasury Secretary Besent stated that besides reaching an agreement on soybean purchases, China will also postpone the implementation of export control measures on rare earth materials.