Shenzhen-listed China Rare Earth Resources and Technology reported first-half net profit of 237 million yuan, a 46.53 percent year-on-year increase, while China Northern Rare Earth projected profit between 1.98 billion and 2.06 billion yuan. U.S. President Donald Trump announced more than $2 billion in domestic mining support, and the U.S. Department of War Office of Strategic Capital issued a conditional $400 million loan commitment to Australia’s Sunrise Energy Metals, whose shares rose as much as 29 percent. Both Chinese firms saw sharp declines in price-to-earnings ratios from February levels.