The Metals Company Inc. (NASDAQ:TMC) shares are trading higher Monday on continued strength after China’s Commerce Ministry announced that foreign suppliers must obtain approval to export certain products containing rare earth materials.
What To Know: According to CNBC, China tightened export controls on rare earths and related technologies last week while barring its citizens from participating in unauthorized overseas mining. The Ministry of Commerce said that foreign entities must now obtain a license to export any products containing more than 0.1% domestically sourced rare earths or made using Chinese extraction, refining or magnet-making technology.
