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The order comes as the administration has ramped up efforts to break China's stranglehold on the mining and processing of rare earths needed for defense and autos.
The industrial metals trade has quietly become the most interesting corner of the commodity market, and the choice between iShares Silver Trust (NYSEARCA:SLV), United States Copper Index Fund (NYSEARCA:CPER), and SPDR S&P Metals & Mining ETF (NYSEARCA:XME) carries real performance consequences.
A market that keeps climbing on thin volume tends to make careful investors nervous, not confident. That's the setup Chris Rowe, founder of True Market Insiders, says he's watching heading into the back half of 2026.
I maintain a buy rating on State Street SPDR S&P Metals & Mining ETF due to strong price action and attractive valuation. XME benefits from lower energy costs, a moderate 17.6x P/E, and a compelling sub-1.0 PEG ratio, supporting the bullish case. The ETF is concentrated in U.S. small-cap materials, offering high EPS growth but elevated volatility and economic sensitivity.
If you eyeballed metals and mining a month ago, the headline almost wrote itself.
America's rare earths problem is often framed as a mining problem.
Family offices poured more than $3 billion into tech, media, and telecom companies. But materials attracted the most capital—$4.8 billion.
AI, Alternative Energy and Commodity stocks are all leading this market as a confluence of economic developments drive growth and constrain supply.