US automakers rise on report China grants rare earth licenses to suppliers

ReutersJun 6, 2025 3:30 PM

Shares of U.S. automakers rise in morning trade after Reuters reports China grants temporary rare earth licenses to suppliers of top automakers

General Motors GM.N up nearly 1% and Ford F.N up 1.6%

U.S.-listed shares of Stellantis STLAM.MI up 2.6%

On Wednesday, a group representing U.S. auto suppliers had called for immediate action on China rare earths restrictions

Including sessions move, S&P 500 Automobiles .SPLRCAUTO index up 5.3% YTD

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