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RARE EARTH: A seven-point response from Chinese state media addressed U.S. demands for Beijing to reduce its control over rare earth resources, according to a report by Reuters. U.S. Trade Representative Jamieson Greer recently claimed that the new restrictions on rare earth exports constituted "a global supply-chain power grab," and suggested that the country could avoid President Donald Trump's threat of reinstating triple-digit tariffs by suspending these measures. Beijing asserts that it had informed Washington prior to the announcement and that the controls align with those implemented in other major economies. The Fly mentions that companies engaged in the development and mining of rare earth minerals include Nova Minerals.(NVA), Ioneer (IONR), Lynas Rare Earths (LYSCF), MP Materials (MP), Energy Fuels (UUUU), NioCorp (NB) and VanEck Vectors Rare Earth/Strategic Metals ETF(REMX).
DEFENSE STOCKS: Stocks of several defense companies, including Lockheed Martin(LMT), RTX Corp. (RTX), General Dynamics (GD), Northrop Grumman (NOC), Boeing (BA), Kratos Defense (KTOS), and AeroVironment (AVAV), were declining on Wednesday after Treasury Secretary Scott Bessent stated that the U.S. is contemplating requesting defense firms to reduce stock buybacks. “I believe our defense companies are significantly lagging in terms of deliveries. Therefore, as their primary customer, we may need to encourage them to invest more in research and conduct fewer stock buybacks, which largely contributed to Boeing's issues,” Bessent said.said during an interview with CNBC.
TARIFF CHEATING: Federal authorities discovered no extensive undervaluation of imported appliances, determining that the value inconsistencies were due to data-entry mistakes, according to John Keilman of The Wall Street Journal.reports. Whirlpool (WHR) accused competitors of potential tariff avoidance, referencing import data that revealed a decline in appliance values beginning in June. Whirlpool’s competitors include Samsung(SSNLF) and LG Electronics.
U.S. STRATEGIC MINERAL RESERVE: Volato (SOAR) and M2i Global unveiled the next stage of development for the digital and commercial infrastructure supporting the U.S. Strategic Mineral Reserve. M2i first introduced the SMR framework and technical guidelines earlier this year. Volato is now leveraging its enterprise software experience to create and implement a secure technological foundation that will facilitate critical mineral traceability, contracts, and compliance across the United States and allied countries. This infrastructure is being designed as the public-facing component of the U.S. Strategic Mineral Reserve initiative, offering miners, refiners, recyclers, manufacturers, and government organizations a reliable platform for physical critical mineral transactions—complete with verified origins, full custody visibility, and regulatory adherence at its core.
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