Rare Earth Stocks Extend Decline; UAMY down 22%; Critical Metals down 20%; Energy Fuels down 16%

Rare earth stocks fell in Monday trading.

UAMY fell 22%; Critical Metals fell 20%; Energy Fuels fell 16%; NioCorp Developments fell 15%; USA Rare Earth fell 14%; MP Materials fell 10%.

U.S. Treasury Secretary Bessent said over the weekend that he believed China would agree to defer certain planned export restrictions on rare earths as part of a U.S.-China trade deal, easing fears of supply disruptions that have lifted valuations in the sector.

China processes more than 90% of the world's rare earths and magnets and recently expanded export curbs, while the U.S. has only one operational rare earth mine and is racing to secure minerals vital for electric vehicles, defense systems and advanced manufacturing.