MP Materials falls after stopping rare earth exports to China amid trade tensions

Shares of rare earth producer MP Materials MP.N down 7.1% to $25.62

In response to Beijing's retaliatory tariffs and export controls, the company has ceased shipments of rare earth concentrate to China - MP Materials

"Selling our valuable critical materials under 125% tariffs is neither commercially rational nor aligned with America's national interest" - company

Company says it has invested nearly $1 billion to restore the full rare earth supply chain in the U.S.

MP shares up about 63% YTD