Mining Stocks Soar on Trump’s $12B Minerals Stockpile to Push Back Against China

Rare earth and other critical mineral stocks rallied at the start of trading on Monday, following reports that President Donald Trump is set to launch a $12 billion minerals reserve to reduce U.S. reliance on China.

Shares of rare earth miners rose:

• MP Materials Corp. (MP) — 7% to $62.66
• USA Rare Earth (USAR) –13% to $25.28
• Energy Fuels In.c (UUU) — 3% to $23.05
• NioCorp Developments Limited (NB) — 12% to $6.60

Other critical mineral stocks that gained include:

• BHP Group (BHP) — 1.54% to $69.79
• Rio Tinto (RIO) — 2.03% to $92.88