...US will strike a deal with China, because they know there is no other way around getting those rare earths, and will need to trade chips for rare earths and perhaps reduce reciprocal tariffs to just 10%.
...Markets poised to move higher on such conclusion, so I think the Melt-Up could be in prospect for next 2-3 months. But if the Californian riot saga ends with arrest of their Governor, internal political instability may dampen market sentiment.
...with markets looking a little more prospective, further upside moves in precious metals and BTC could be in the offing.
China dominates global rare earths production: China now produces nearly 400,000 metric tons of rare earths a year. This is a massive 69% of the global output, per the US Geological Survey. The US is seeking to restore flows of critical minerals in today's trade talks. https://x.com/GlobalMktObserv/status/1932143157602406471
