Market Chatter: Rare Earth Stocks Gain as G7, EU Weigh Price Floors, Tariffs to Bolster Supply

MT Newswires Live

Sep 25

Rare earth stocks including Energy Fuels (UUUU), Ioneer (IONR) and NioCorp Developments (NB) were up Wednesday after a Reuters report said the Group of Seven nations and the EU are considering price floors and tariffs to encourage investment in rare earth production.

The discussions come amid efforts to counter China's dominance in the supply of critical minerals after Beijing introduced export controls earlier this year, the report said, citing sources with knowledge of the matter.

Representatives for the Group of Seven nations and the EU did not immediately respond to MT Newswires' request for comment on the matter.

Shares of Energy Fuels, Ioneer and NioCorp were up 5.8%, 24.7%, and 4.7%, respectively, in recent afternoon trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 17.75, Change: +1.08, Percent Change: +6.48

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