BUZZ-Critical minerals stocks fall; Vance touts price floor system

Reuters02-04 23:09
BUZZ-Critical minerals stocks fall; Vance touts price floor system

** Shares of rare earths and critical minerals companies fall between 1.8% and 7%

** U.S. Vice President JD Vance told a meeting of than 50 countries aimed at boosting access to critical minerals that the U.S. will establish a system creating price floors for the commodities

** United States is proposing a trading bloc for critical minerals and many countries had already signed on to the plan, Vance says

** MP Materials MP.N down 2.4%, US Rare Earth USAR.O falls 6%, Critical Metals CRML.O declines 5.2%

** American Resources AREC.O down 6.7%

** Shares of other critical minerals and metals companies fall as well; United States Antimony UAMY.A down 4.8%, TMC TMC.O declines 1.5%

(Reporting by Arunima Kumar in Bengaluru)

((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment