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Rare earth and critical minerals sectors broadly rose, influenced by the 30-year U.S. Treasury yield reaching its highest level since 2007. USA Rare Earth was up 8%, Critical Metals rose 10%, and MP Materials gained 5%.
Against a macro backdrop where the 30-year US government bond yield rose to 5.19% (a new high since 2007), capital is rotating into hard assets, driving an overall increase in the rare earth and critical minerals sectors. Among them, USA Rare Earth (NASDAQ:USAR) stock price rose 8% to $18.40, Critical Metals (NASDAQ:CRML) stock price rose 10% to $6.37, and MP Materials (NYSE:MP) stock price rose 5% to $58. The VanEck Rare Earth and Strategic Metals ETF (REMX) also rose 6% to $80.28, outperforming the S&P 500 and Nasdaq 100 indices. Gold prices rose 1.63% during the same period to $4,646.10 per ounce.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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