Earths Company: China and Earths

earths company: JL MAG Rare-Earth Co, a high-tech rare earths company based in East China's Jiangxi Province, which was visited by Chinese President Xi Jinping on May 20, rose by the daily 10-percent limit to a record high on Wednesday, to 49.34 yuan 7.14 . China Northern Rare Earth Group rose by 8.68 percent at 13.52 yuan, according to Global Times China. A Chinese official indicated on Tuesday night that China may weaponize rare earths as a countermeasure to the US. When asked about whether rare earths will become China's countermeasures against the US, a spokesperson of the National Development and Reform Commission NDRC China's top economic planner, said What I can tell you is that if anyone wants to use products made of China's rare-earth exports to contain China's development, the people of Ganzhou in Jiangxi and across China will not be happy with that. Shares of Hong Kong-listed China Rare Earth Holdings soared by more than 30 percent in morning trading and closed with a 23.53 percent gain. The comment was viewed by many as a signal that China might use its rare earths as a weapon to contain the US as trade tensions between the two countries intensify. Funds are coming in ... rare earths are getting attention that they've never had in the past eight years, a manager of a large-scale rare earths metal producer, who spoke on condition of anonymity, told the Global Times on Wednesday. The exposure also attracted much capital into the formerly low-profile industry. (news.financializer.com). As reported in the news.