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-0.000590767153346336 -0.00143472022955525 -0.00118153430669255 0.00126592961431337 0.00869102877879985 0.0269221031310659 0.0271314034939657 0.0262469406700987
Stock impact report

Trump administration backs away from setting critical mineral price floors, sources say [Globe and Mail, The (Toronto, Canada)]

MP Materials Corp. (MP) 
The shift, which comes as a U.S. Senate committee reviews a price floor extended to MP Materials MP-N last year, marks a reversal from commitments made to industry and could set Washington apart from G7 partners discussing some form of joint price support or related measures to bolster production of critical minerals used in electric vehicles, semiconductors, defence systems and consumer electronics. “We're not here to prop you guys up,” Audrey Robertson, assistant secretary of the U.S. Department of Energy and head of its Office of Critical Minerals and Energy Innovation, told the executives, according to this account. “Don't come to us expecting that.” Surging gold and silver prices expected to spur more mining takeovers While the administration is moving away from negotiating individual price floors with companies, a U.S. official told Reuters on Thursday it may use its new powers under Section 232 tariffs to impose market-wide price floors on certain minerals, an approach t Show less Read more
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