This month’s headlines were dominated by China’s rare-earth clampdown. On Oct. 9, Beijing expanded export curbs to five more rare-earth elements and tightened oversight on high-tech users reuters.com. The move came right before a planned Trump–Xi summit and was widely seen as a geopolitical play. “We’re likely entering a period of structural bifurcation,” says Benchmark Mineral Intelligence analyst Neha Mukherjee – with China “localizing its value chain and the U.S. and allies accelerating their own” reuters.com. As China produces over 90% of processed REEs globally reuters.com, U.S. miners immediately benefit. Indeed, in early Oct. U.S.-listed rare-earth shares jumped: USA Rare Earth +19%, MP Materials +15%, Critical Metals +37% pre-market on Oct. 14, and Energy Fuels +10% intraday on Oct. 10 ts2.tech investing.com. On Oct. 13 UUUU closed at $23.77 app.stocks.news finance.yahoo.com, an all-time high. In one day, Energy Fuels “surged to a new all-time high” as Beijing’s policies rattled investors app.stocks.news sharewise.com.
