Energy Fuels gains, following U.S.-China deal to ease critical mineral shortages

Energy Fuels shares rose 0.9% before Monday's market open following a White House announcement.

The U.S. and China reached an agreement to ease supply chain shortages for critical minerals. This deal covers mining and processing technologies to reduce U.S. dependence on Chinese rare-earth markets.

Energy Fuels processes heavy rare earth materials at its Utah mill to build a domestic supply chain. Several related stocks declined in overnight trading despite the announcement.