mo4ch:>Embargo on? Rare earth stocks soar after China warns of possible US export ban | Mo4ch News

Stocks of rare earth miners surged during morning trade on Wednesday after Chinese state-linked media said that Beijing may weaponize the exports of the vital materials amid an escalating trade war with the US.Hong Kong-listed shares of China Rare Earth Holdings Ltd skyrocketed around 40 percent after the opening bell before slightly falling back later in the day.  At the same time JL Mag Rare-Earth Co, the plant Chinese President Xi Jinping visited last week, jumped more than 10 percent. The miner's stock has been rising for several consecutive trading sessions and hit a record high on Wednesday.Other rare earth-related companies also enjoyed gains, with China Northern Rare Earth Group High-Tech Co. soaring around 9 percent Xiamen Tungsten Co. climbing nearly 5 percent.Also on rt.comChina's other nuclear option in trade war with US – Rare earth materialsNot only Chinese miners enjoyed gains on Wednesday, as shares of Australian rare earths producer Lynas reached a historic pe…