Group 1 - U.S. rare earth miners' shares increased in pre-market trading following the announcement of a $12 billion critical mineral reserve by President Trump [1] - The critical mineral reserve, known as Project Vault, aims to counter China's dominance in rare earth minerals and protect U.S. industries from supply shocks [2][3] - The plan includes $2 billion in private funding and a $10 billion loan from the U.S. Export-Import Bank to support the initiative [3] Group 2 - Rare earths are essential for various technologies, including smartphones, electric vehicles, and military systems, highlighting their importance in the supply chain [3] - The reserve is modeled after existing strategic stockpiles and aims to support U.S. industry while avoiding future disruptions [4]
Critical Metals, USA Rare Earth, MP Materials Climb In Tuesday Pre-Market: What's Going On? - American Resources (NASDAQ:AREC), Critical Metals (NASDAQ:CRML)