Rare earth miners fall; US drops price-floor plans, sources say

U.S.-listed shares of rare earth miners fall in premarket trading

The Trump administration is stepping back from plans to guarantee a minimum price for U.S. critical minerals projects, multiple sources tell Reuters

Critical Metals CRML.O slumps 8.2%; United States Antimony UAMY.N plunges 8%

USA Rare Earth USAR.O falls 9.9%; MP Materials MP.N down 5.2%

NioCorp NB.O declines 5.8%; Energy Fuels UUUU.A down 5.3%

Trilogy Metals TMQ.N down 3.3%; Ramaco Resources METC.O drops 5.2%

The shift reverses commitments from a July meeting where officials told mineral executives that price floors (like the one given to MP Materials) would be available to other projects

The U.S. still supports critical minerals through other methods, including equity investments and stockpiling