Rare earth miners jump as Trump is eyeing mineral stockpile
CNBC: President Trump establishes U.S. critical mineral reserve, boosting mining stocks.
President Trump recently unveiled Project Vault, a groundbreaking initiative to create a strategic critical minerals stockpile for American businesses. The plan involves a mix of private capital and government funding to reduce reliance on China for crucial materials in various industries. This move has already led to a rise in mining company stocks, signaling investor optimism in the sector. The government has been actively engaging with companies like MP Materials and USA Rare Earth to secure funding and establish partnerships aimed at strengthening domestic mineral production. The Department of Defense has also been involved in securing agreements with key players in the industry, showing a clear shift towards a more hands-on approach from Washington.
