Stock Market Today, Jan. 7: Critical Metals Surges After Greenland Pilot-Plant Construction Approval
The Motley Fool·2026-01-07 23:00

Core Insights - Critical Metals (CRML) experienced a significant stock increase of 16.51%, closing at $13.75, following the approval for construction of a pilot plant in Greenland, which is expected to enhance rare-earth supply security [2][6]. Company Overview - Critical Metals is focused on mining exploration and development of critical metals and minerals, with a current market capitalization of $1.4 billion [2]. - The company's stock has shown a 52-week range from $1.23 to $32.15, indicating high volatility and investor interest [2]. Market Activity - Trading volume for Critical Metals reached 46.2 million shares, which is approximately 200% above its three-month average of 15.5 million shares, reflecting heightened investor activity [3]. - The broader market saw the S&P 500 decrease by 0.34%, while the Nasdaq Composite increased by 0.16%, indicating mixed performance across sectors [4]. Geopolitical Context - The Trump administration's focus on national security regarding Greenland has heightened investor interest in Critical Metals, particularly in light of the company's construction authorization for the Tanbreez rare earths project [6]. - Rare earth elements are identified as strategic resources by the U.S. Department of Defense, essential for advanced military technologies, which adds to the significance of the Tanbreez project [7].