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原文標題：
Rare earth miners fall after US-China truce to pause tariffs, export curbs
原文連結：
https://www.aol.com/articles/rare-earth-miners-fall-us-103950377.html
發布時間：Mon, October 27, 2025 at 6:39 PM GMT+8
記者署名：(Reporting by Katha Kalia in Bengaluru; Editing by Sriraj Kalluvila)
原文內容：

(Reuters) — Shares of U.S.-listed rare earth miners fell as much as 8% before
 the bell on Monday after Washington and Beijing reached a framework for a
trade deal that could pause planned U.S. tariffs and Chinese export controls
on critical minerals, easing fears of supply disruptions that had boosted the
sector this year.


The rare earths truce marks a pause in one of the most strategic fronts of U.S
.-China trade tensions.
這項「稀土休戰」象徵美中貿易緊張中最具戰略意義的戰線之一暫時停止。

China processes more than 90% of the world's rare earths and magnets and
recently expanded export curbs, including new elements to its control list and
 tightened oversight of foreign producers that rely on Chinese materials.
中國負責全球超過 90% 的稀土與磁材加工，並且近期擴大出口限制，新增受控礦物種類
，且加強對依賴中國原料的外國企業的監督。

The U.S., by contrast, has one operational rare earth mine and is racing to
secure minerals vital for electric vehicles, defense systems and advanced
manufacturing.
相較之下，美國僅有一座稀土礦場仍在運作，正加緊腳步確保取得對電動車、國防系統及
先進製造至關重要的礦物供應。

U.S. President Donald Trump had proposed 100% tariffs on Chinese imports,
which were due to take effect on November 1 after the latest restrictions.
美國總統唐納德· 川普曾提議對中國進口商品徵收 100% 關稅，原定於 11 月 1 日、在
中方最新出口限制生效後同步實施。

The preliminary deal is expected to be reviewed by Trump and Chinese President
 Xi Jinping later this week at the Asia-Pacific Economic Cooperation (APEC)
summit in Gyeongju, South Korea.
這項初步協議預計將在本週稍晚於韓國慶州舉行的亞太經合會（APEC）峰會上，由川普與
中國國家主席習近平共同審議。

With supply risks receding, investors unwound some bets that U.S. miners would
 gain from an extended trade standoff.
隨著供應風險消退，投資人解除部分此前押注「美國礦商將因持續貿易對峙而受益」的投
機部位。

Shares of Critical Metals slumped nearly 8%, Ramaco Resources fell 5.7%, and
NioCorp Developments dropped 5.4%.
Critical Metals 股價暴跌近 8%，Ramaco Resources 下跌 5.7%，NioCorp
Developments 下滑 5.4%。

MP Materials, USA Rare Earth and Trilogy Metals each fell more than 6.5%.
MP Materials、USA Rare Earth 與 Trilogy Metals 各自下跌超過 6.5%。

Several U.S. rare earth miners such as MP Materials, Critical Metals, Lithium
Americas and USA Rare Earth also gained as the Trump administration picked up
stakes and signed supply-chain deals to cut dependence on China.


中方：
將「稀土」作為談判籌碼，一旦美方再度施壓，仍可恢復出口限制。
藉機展示「中國願合作但有底線」的形象，在國際上重塑穩定供應者地位。

美方戰略：
雖暫時停火，但仍加速國內開採、回收技術與供應鏈多元化。
川普政府可能將協議當作「談判成果」展示，
同時暗中推進礦業自給與盟國合作（特別是澳洲、加拿大）。

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※ 作者: TyuzuChou 2025-10-27 19:08:29
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