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US to award $389 million in R&D funds for power semiconductors, critical materials
Trump's promise of massive Greenland mineral exploration sent one rare earth stock surging while leaving its closest peers behind, and the reason the gap opened up comes down to a single project on the island that no other U.S.-listed company holds.
Shares of VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX - Get Free Report) hit a new 52-week low on Tuesday. The stock traded as low as $57.94 and last traded at $58.18, with a volume of 1,176,764 shares trading hands. The stock had previously closed at $60.97. VanEck Rare Earth and Strategic Metals ETF
VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX - Get Free Report) shares gapped down prior to trading on Monday. The stock had previously closed at $60.97, but opened at $58.80. VanEck Rare Earth and Strategic Metals ETF shares last traded at $58.3170, with a volume of 144,455 shares traded. VanEck Rare Earth and Strategic
Critical Metals is surging while every name around it slides, and no confirmed catalyst explains why one stock in a tightly correlated rare earth basket suddenly decided to go its own way.
A Greenland security deal sent Critical Metals soaring Monday, but Tuesday brought a sharp reversal that has nothing to do with the Tanbreez project itself. Here is what the peer group and the broader rare earth ETF reveal about what is actually driving the selloff.
A refinery study just gave Critical Metals investors a concrete dollar figure to argue over, and the stock is moving while its better-established peers barely flinch. Whether that gap reflects genuine rerating or a speculative overshoot depends on what happens at a shareholder meeting next month.
Critical Metals is surging nearly 20% while its rare earth peers sit flat or slide lower, and no company announcement explains the gap. One unverified catalyst keeps surfacing in trader circles, and it has nothing to do with the ground under Greenland.