** Shares of rare earth producer MP Materials MP.N down 7.1% to $25.62
** In response to Beijing's retaliatory tariffs and export controls, the company has ceased shipments of rare earth concentrate to China - MP Materials
** "Selling our valuable critical materials under 125% tariffs is neither commercially rational nor aligned with America's national interest" - company
** Company says it has invested nearly $1 billion to restore the full rare earth supply chain in the U.S.
** MP shares up about 63% YTD
(Reporting by Arunima Kumar in Bengaluru)
((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94 ;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.