Shares of U.S.-listed rare earth miners rallied on Thursday after China agreed to delay the introduction of export controls.

The agreements are a clear bid to reduce dependence on China, ahead of a key meeting with Xi Jinping.

Trump’s rare-earth push could channel crucial financing and eventually reduce Beijing’s dominance, but the effort will be costly and take years to bear fruits.

Shares of U.S.-listed rare earth miners rallied on Thursday after China agreed to delay the introduction of export controls.