Critical Metals (CRML) Nosedives 24% as on Easing US-China Trade Tensions

We recently published 10 Stocks Crash Harder than Wall Street. Critical Metals Corp. (NASDAQ:CRML) is one of the worst performers on Wednesday.

Critical Metals ended five straight days of gains on Wednesday, slashing 24.19 percent to close at $22.72 apiece as investors unloaded portfolios after trade tensions between the US and China officially eased.

The company has been riding the geopolitical tensions over the past few days following China’s new policy to curb rare earth exports, fueling fears of another supply shortage.

Critical Metals Corp. (NASDAQ:CRML), however, rallied alongside its US counterparts, as investors speculated that the curbs would push rare earth customers to look elsewhere for supply.

Additionally, the company attracted investor interest after JPMorgan announced that it would pour investments into critical minerals in a bid to support the US economic security and resiliency.

In recent developments, Critical Metals Corp. (NASDAQ:CRML) inked separate agreements with REalloys and Ucore Rare Metals for the supply of 15 percent and 10 percent, respectively, of minerals produced from its Tanbreez project in Southern Greenland.

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Disclosure: None. This article is originally published at Insider Monkey.