Rare earth stocks jump after Trump launches $12 billion critical minerals stockpile

Rare earth stocks jump after Trump launches $12 billion critical minerals stockpile

Published Tue, Feb 3 2026

4:32 AM EST

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• IDR
• UUUU
• MP
• USAR
• SZZL

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US President Donald Trump speaks to the press about a critical minerals stockpile with $12 billion in initial funding, as Washington seeks to lower reliance on China for rare earths and other resources, in the Oval Office of the White House in Washington, DC, on February 2, 2026.

Saul Loeb | Afp | Getty Images

U.S.-listed rare earth miners surged in premarket trading on Tuesday, following President Donald Trump's announcement to establish a critical mineral reserve.

Critical Metals advanced 5.6%, USA Rare Earth rose 4.7%, and MP Materials gained nearly 4%. Shares of Energy Fuels were 3.5% higher, while Idaho Strategic Resources popped 6.2%.

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