Western companies have warned the U.S.-China dispute over rare earth materials will likely lead to “broken” supply chains and higher chip, car, and weapon prices, Kana Inagaki, Sylvia Pfeifer, Ryan McMorrow, Joe Leahy, and Edward White of The Financial Times reports. China first introduced its rare-earth export restriction in April in retaliation to Trump administration tariffs and, last week, Beijing further tightened those rules. In response, U.S. President Donald Trump threatened to impose an additional 100% tariff on imports from China. The Fly notes that companies involved in the development and mining of rare earth minerals include Nova Minerals (NVA), Ioneer (IONR), Lynas Rare Earths (LYSCF), MP Materials (MP), Energy Fuels (UUUU), NioCorp (NB) and VanEck Vectors Rare Earth/Strategic Metals ETF (REMX).
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