US key mineral stocks dip as White House says China’s rollback of rare earth export curbs more comprehensive than previously thought

Shares of US rare earth and key mineral producers are lower in premarket trading after the White House said that China’s rollback of export curbs goes further than previously thought.

Initial news reports suggested that Chinese restrictions on rare earth exports from April would remain intact following last week’s meeting between US President Trump and Chinese President Xi, while more recently planned curbs would be delayed. However, the White House’s fact sheet on the trade deal with China published this weekend says that the world’s second-largest economy “will issue general valid licenses” for many key minerals, which “means the de facto removal of controls China imposed in April 2025 and October 2022.”

MP Materials, Lithium Americas, and Critical Metals are all more than 1% lower as of 7:10 a.m. ET, while United States Antimony Corp. is off double digits.