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China has suspended exports of a wide range of critical minerals and magnets as part of China’s retaliation for President Trump’s sharp increase in tariffs that started on April 2, the New York Times’ Keith Bradsher reported. On April 4, the Chinese government ordered restrictions on the export of six heavy rare earth metals, which are refined entirely in China, as well as rare earth magnets, 90% of which are produced in China, the report noted. Shares of MP Materials (MP) had been higher in early Tuesday trading but are now down about 2% to $27.05.
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