Rare earth stocks rally amid renewed U.S.-China trade dispute

In an aerial view, a container ship arrives at the Port of Oakland in Oakland, California, on October 10, 2025. US President Donald Trump has threatened to impose massive tariff increases on Chinese imports in response to China’s announcement of new export controls on rare earth elements. China controls an estimated 70% of the global supply of rare earth minerals.

Justin Sullivan | Getty Images News | Getty Images