Rare earth stocks rebounded in premarket trading. Critical Metals up 13%; American Resources up over 12%; NioCorp up 6%; UAMY up 4%; The Metals up 3%; USA Rare Earth, MP Materials up over 2%.

Chinese state media on Thursday issued a seven-point rebuttal to U.S. calls for Beijing to wind back its rare earth controls, as both sides struggle to move beyond a volley of barbs and accusations of blindsiding the other.

U.S. Trade Representative Jamieson Greer on Wednesday called China's new rare earth export restrictions "a global supply-chain power grab," and suggested Beijing could stave off President Donald Trump's threat to reimpose triple-digit tariffs on Chinese goods by shelving the measures set to take effect on November 8.