MP Materials falls on US-China rare earths minerals deal

Shares of major US rare earths producer MP Materials MP.N down 6% at $25.58 premarket

President Donald Trump says the U.S. deal with China is done, with Beijing to supply magnets and rare earth minerals while the U.S. will allow Chinese students in its colleges and universities

Trump says the deal is subject to final approval by him and President Xi Jinping

Up to last close, shares up 74.6% YTD