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Shares of rare earth companies soared in China amid escalating trade war

Shares in rare earth-related companies soared on Tuesday, led by jumps in Chinese producers a day after Chinese President Xi Jinping visited a rare earth firm in southern China, sparking speculation the sector could be the next front in the China-US trade war.

Xi on Monday visit JL MAG Rare-Earth Co Ltd in Jiangxi province, state media reported. The MVIS Global Rare Earth/Strategic Minerals Index, which tracks the shares of 20 producers from 10 countries, including China, Australia and Canada, jumped 6.4 per cent in its biggest one-day gain since October 2011.

China accounted . . .

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