[Special Stock] US Industrial Supply Chain Restructuring Drives Rare Earth Element Stocks Surge
[Asia Economy Reporter Hwang Junho] Domestic rare earth-related stocks are soaring as the United States announced plans to establish an industrial supply chain excluding China.
On the 25th, as of 10:55 AM, Senotec is trading at 2,515 KRW, up 465 KRW (22.68%) from the previous day. At the same time, Union Material, T-Plex, and Union are rising by 12.65%, 8.48%, and 5.43%, respectively.
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According to the U.S. economic media outlet The Wall Street Journal, President Joe Biden signed an executive order on the day directing a review within 100 days of the supply chains for four key items, including high-capacity batteries used in semiconductors and electric vehicles (EVs), pharmaceuticals, and critical minerals such as rare earth elements.
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