24H｜Intel Dips 3%; Rare Earth Stocks Rise, USA Rare Earth up 19%, NioCorp up 11%, MP Materials up 6%; Chinese ETFs and ADRs Fall; Bilibili down 3%; YINN, Alibaba down 2%
Intel shares fell 3% in overnight trading following 1.9% drop in the prior session.
Rare earth stocks rose in overnight trading.
USA Rare Earth up 19%; NioCorp up 11%; United States Antimony up 10%; Critical Metals up 8%; The Metals Company up 7%; MP Materials, Energy Fuels up 6%.
The Trump administration is taking a 10% stake in USA Rare Earth Inc. as part of a $1.6 billion debt-and-equity investment package aimed at helping the company develop a domestic mine and magnet facility, two sources familiar with the deal told Reuters.
The deal and a separate $1 billion private investment will be unveiled on Monday and Oklahoma-based USA Rare Earth will host a morning conference call with investors to discuss the terms, according to one of the sources who was briefed on the plans.
Chinese ETFs and ADRs fell in overnight trading.
Regencell Bioscience down 7%; Bilibili down 3%; YINN, Alibaba down 2%; Baidu, Li Auto, JD.com down 1%.
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