Companies operating in the rare earths and mining spaces are seeing their share prices soar this morning as President Donald Trump’s latest tariff feud with China enter its second week. Here’s what you need to know.

What’s happened?

Last week, President Trump threatened new tariffs on China as high as 100% in retaliation for the country putting export controls on products that contain rare earth elements.

“Rare earths” are a group of elements that actually aren’t rare, but are hard to find and expensive to mine. The elements also happen to be essential to many industries, including technology, automotive, and defense.

Rare earths are critical to these industries because the elements are used in many of the most advanced electronic products made by companies in the above industries, inc

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