Reported about 10 hours ago
Cleveland-Cliffs saw its stock jump by 24% after announcing plans to refocus on its rare earth mineral mining operations, highlighting two sites in Michigan and Minnesota with potential for rare mineralization. This move aligns with the company's strategy to contribute to America's independence in critical materials, amidst increasing tensions over rare earth supply chains influenced by China. The broader sector is gaining attention, with expectations of government backing for rare earth companies.
Source: YAHOO