SHANGHAI - Shares in rare earth-related companies soared on Tuesday, led by jumps in Chinese producers a day after Chinese President Xi Jinping visited a rare earth firm in southern China, sparking speculation the sector could be the next front in the Sino-U.S. trade war.
China accounted for 80% of the rare earths, a group of 17 chemical elements used in high-technology consumer electronics and military equipment, imported by the U.S. from 2014 to 2017. Analysts said that Xi’s visit might indicate China is considering using rare earths as a weapon in the trade war, which provided support for the shares of the Chinese firms.
Shares in Innuovo Technology Co Ltd, a rare-earth permanent magnetic materials and products maker, also soared 10% to their highest since October 2017. The firm’s shares have gained 54.7% so far in May.
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China rare earth firms' stocks soar on trade war speculationShares in rare earth-related companies in China soared on Tuesday, a day after C... Will their sales increase in the event of a trade war Are you making this up Flags on the moon, Operating systems without US back doors, now rare earth. Poor Trump must be tweeting his lttle heart out trying to keep up So how many shares in these companies does Trump own as he plays with the stock market. Trump refuse to divest he refuses to release his finances. Trump has received fines from the SEC in the past for using the media and lies to increase stock prices of shares he owned then sell
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