Commerce Secretary reveals China deal that could reshape your tech portfolio
Key Points
- China dominates 85% of rare earth mineral production, but a ...
China controls 85% of the world's rare earth mineral production, which makes about as much sense as your ex controlling the TV remote - technically legal, but deeply problematic for everyone involved. That monopoly just got a small crack thanks to a new trade deal announced by Commerce Secretary Howard Lutnick this week.
The agreement promises better U.S. access to those shiny rocks that make your smartphone smart and your Tesla go vroom. Markets responded like a caffeinated day trader on a winning streak - the S&P 500 and Nasdaq both jumped after the June 27 announcement, proving once again ...
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