Rare earth stocks rise as White House statement confirms the US is looking at options for acquiring Greenland, including using the military
Companies like MP Materials, Critical Metals, USA Rare Earth, and United States Antimony Corp. have caught a bid in early trading on Wednesday, after a White House statement yesterday confirmed that the president and his team are discussing “a range of options” in their controversial goal to acquire Greenland.
President Trump has touted the idea of acquiring the rare earth-rich, semiautonomous Danish region since his first term, with the White House telling the BBC on Tuesday that the acquisition was a “national security priority.” White House Press Secretary Karoline Leavitt added:
“The president and his team are discussing a range of options to pursue this important foreign policy goal, and of course, utilizing the US military is always an option at the Commander-in-Chief’s disposal.”
Earlier on Tuesday, a group of European leaders and NATO members, including the heads of Germany, France, and the UK, issued a joint statement saying that security in the Arctic must be achieved “collectively,” and that “it is for Denmark and Greenland, and them only, to decide on matters concerning Denmark and Greenland.” The latest US announcement also came after Secretary of State Marco Rubio had downplayed potential military action on Monday.
Critical Metals is leading the price action, up more than 10% on Tuesday’s close as of 6 a.m. ET, building on a sharp ~26% gain yesterday as perhaps the most directly exposed stock, with its Tanbreez project located in southern Greenland. The company, which the Trump administration has reportedly expressed interest in building a stake in, states that the Tanbreez assets include a “diverse portfolio of high-demand rare earth elements.”
President Trump has touted the idea of acquiring the rare earth-rich, semiautonomous Danish region since his first term, with the White House telling the BBC on Tuesday that the acquisition was a “national security priority.” White House Press Secretary Karoline Leavitt added:
“The president and his team are discussing a range of options to pursue this important foreign policy goal, and of course, utilizing the US military is always an option at the Commander-in-Chief’s disposal.”
Earlier on Tuesday, a group of European leaders and NATO members, including the heads of Germany, France, and the UK, issued a joint statement saying that security in the Arctic must be achieved “collectively,” and that “it is for Denmark and Greenland, and them only, to decide on matters concerning Denmark and Greenland.” The latest US announcement also came after Secretary of State Marco Rubio had downplayed potential military action on Monday.
Critical Metals is leading the price action, up more than 10% on Tuesday’s close as of 6 a.m. ET, building on a sharp ~26% gain yesterday as perhaps the most directly exposed stock, with its Tanbreez project located in southern Greenland. The company, which the Trump administration has reportedly expressed interest in building a stake in, states that the Tanbreez assets include a “diverse portfolio of high-demand rare earth elements.”
