BusinessMarkets

Pre-Market Movers: Steel, Energy, and Medical Stocks Surge on Earnings and M&A Activity

Steel producer Cleveland-Cliffs surged over 10% after exceeding EBITDA estimates. Liberty Energy extended its rally despite a revenue miss, while Hologic jumped on reported acquisition interest. Rare earth stocks also climbed on geopolitical supply news.

Steel and Mining Stocks Lead Pre-Market Gains

Shares of Cleveland-Cliffs jumped 10.5% in pre-market trading after the steel company released its third-quarter results. According to the analysis, the company reported adjusted EBITDA of $143 million, which reportedly topped estimates from FactSet. The report states that Cleveland-Cliffs also issued revised capital expenditures guidance of approximately $525 million for the year, lower than its previous forecast of $600 million.

Energy PolicyInternational Business and Trade

U.S. Industries Face Supply Chain Disruption as China Tightens Rare Earth Export Controls

New Chinese export controls on rare earth elements are creating significant challenges for U.S. manufacturers in electric vehicles, defense, and technology sectors. American companies are accelerating efforts to diversify supply chains as trade tensions escalate between the world’s two largest economies.

Escalating Trade Tensions Impact Global Markets

Recent developments in the ongoing US-China trade war have triggered significant market reactions, according to reports. Following China’s announcement of strict export controls on rare earth materials on October 9, Washington reportedly responded with 100% additional tariffs on Chinese imports. Market analysts suggest these moves caused substantial declines, with the Dow Jones falling nearly 900 points and the S&P 500 declining 2.7% after last Friday’s closing, with electric vehicle and semiconductor stocks leading the downturn.

Energy PolicyInternational Business and Trade

European Industries Face Critical Vulnerability in Global Rare Earth Supply Chain Disputes

European nations face mounting vulnerabilities as geopolitical tensions reshape global supply chains for critical minerals. Defense industries and renewable energy sectors confront unprecedented challenges amid shifting trade dynamics between major powers.

Geopolitical Shifts Reshape Global Technology Landscape

According to reports from industry analysts, escalating technological competition between global powers is creating significant collateral damage, with European industries positioned as potential major casualties. Sources indicate that while technological conflicts between eastern and western blocs have historical precedent dating to the Soviet Union era, current dynamics present unique challenges for European economic and security interests.