Trump Announced Trade Deal, Rare Earth Miners React

WASHINGTON, D.C. — U.S. President Donald Trump announced a significant trade deal with China that has implications for the rare earth mineral industry. Speaking on October 30, 2025, aboard Air Force One, Trump said the ‘rare earth issue has been settled’ following a productive meeting with Chinese leader Xi Jinping in South Korea.

The trade agreement includes a one-year delay on China’s planned export controls for rare earths, which are crucial for technology and defense sectors. Stocks for U.S.-listed rare earth miners surged in premarket trading; stocks like MP Materials climbed about 5% while other companies like USA Rare Earth and NioCorp Developments saw increases of around 2%.

China produces approximately 70% of the world’s rare earth elements, essential for innovative technologies. In recent times, they threatened to tighten export controls, citing concerns over ‘misuse’ of these critical materials in military applications.

During his remarks, Trump asserted optimism regarding the ongoing negotiations, saying he expects China’s decision on export restrictions to be ‘routinely extended.’ U.S. Treasury Secretary Scott Bessent also indicated that a deal could prevent a proposed 100% tariff on Chinese goods.

As part of the deal, the U.S. will also cut tariffs linked to fentanyl, showcasing a broader effort to ease tensions between the two nations. Investors reacted positively, noting that the trade discussions signal potential growth in the rare earth market.

Despite the optimistic projections, analysts caution that uncertainties remain until further details are finalized in the upcoming Trump-Xi meeting scheduled for Thursday.