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Rare earth stocks jump after Trump launches $12 billion critical minerals stockpile
CNBC· 2026-02-03 09:32
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]
Ramaco Resources to Collaborate with Goldman Sachs on Strategic Initiative to Establish First National Critical Minerals Stockpile
Prnewswire· 2025-10-31 12:00
Core Insights - Ramaco Resources, Inc. has announced the establishment of a Strategic Critical Minerals Terminal (SCMT) at its Brook Mine facility in Wyoming, with Goldman Sachs acting as the exclusive structuring agent [1][4] - The SCMT aims to address supply chain risks and ensure access to strategic materials, positioning Ramaco as a leading producer of critical minerals and rare earth elements (REEs) in the U.S. [1][4] Company Overview - Ramaco Resources operates and develops high-quality, low-cost metallurgical coal and is expanding into coal, rare earth, and critical minerals production in Wyoming [5] - The company has four active metallurgical coal mining complexes and is in the initial stages of production for a rare earth and coal mine near Sheridan, Wyoming [5] SCMT Initiative - The SCMT will provide long-term stockpiling, storage, and inventory management solutions for critical minerals and REEs, including tolling and value-added services for third-party producers [2] - The terminal is designed to ensure safe and secure inventory management, making materials available to consumers at market prices [2] Strategic Location - The Brook Mine site is strategically located with direct access to the BNSF railroad and proximity to a major interstate highway, facilitating efficient transportation to defense contractors and industrial consumers [3] Commitment to National Security - The initiative supports the strengthening of America's critical minerals supply chain, national security, and innovation in the rare earths industry [4]