MP Materials is trading 5.6% down at $39.08 after reports suggested U.S. rare earth producers are unlikely to meet a federal 2027 deadline to end reliance on China.

  • Reuters reports indicate domestic producers face significant hurdles in meeting the government's timeline for supply chain independence.
  • The stock is also tracking a broader downturn in the materials sector, with the XLB ETF falling 1.57%.
  • Broader U.S. equities are under pressure amid Fed-day caution and escalating geopolitical tensions.