TMC up 28% While MP Materials up 18% on Report Trump Is Planning to Stockpile Deep-Sea Metals

Reuters

04-14

Shares of The Metals Company and MP Materials up 28% and 18% premarket, respectively.

U.S. President Donald Trump drafted an executive order to enable stockpiling of deep-sea metals to counter China's dominance in battery minerals and rare earth supply chains - FT reported on Saturday.

Report added the stockpile would "create large quantities ready and available on U.S. territory to be used in the future", in case of a conflict with China that might constrain imports of metals and rare earths.

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