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Stock impact report

US proposes critical minerals trade bloc aimed at countering China [Yahoo! Finance Canada]

MP Materials Corp. (MP) 
U.S. Secretary of State Marco Rubio delivers opening remarks during the Critical Minerals Ministerial at the State Department in Washington, D.C., U.S., February 4, 2026. REUTERS/Jonathan Ernst By Michael Martina and Simon Lewis 1 min read By Michael Martina and Simon Lewis WASHINGTON, Feb 4 (Reuters) - U.S. Vice President JD Vance on Wednesday unveiled plans to ?marshal allies into a preferential trade bloc for critical ?minerals, proposing coordinated price floors as Washington escalates efforts to loosen China's grip on ?materials crucial to advanced manufacturing. The Washington meeting comes after President Donald Trump on Monday launched a strategic stockpile of critical minerals, called Project Vault, backed by $10 billion in seed funding from the U.S. Export-Import ?Bank and $2 billion in ?private funding. China has wielded its chokehold on the processing of many minerals as geo-economic leverage, at times ?curbing exports, suppressing prices and undercutting othe Show less Read more
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