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

Core Viewpoint - The U.S. government is taking significant steps to reduce its dependence on China for critical minerals, particularly rare earths, by establishing a stockpile with an initial funding of $12 billion [1] Group 1: Government Initiatives - The U.S. President announced a critical minerals stockpile aimed at enhancing domestic resource security [1] - The initiative is part of a broader strategy to lower reliance on foreign sources, specifically China, for essential materials [1] Group 2: Financial Aspects - The stockpile will be funded with an initial investment of $12 billion, indicating a substantial commitment to this initiative [1]