U.S. President Donald Trump speaks to the press about an initial $12 billion critical minerals fund as Washington seeks to reduce its reliance on China for rare earth and other resources in the Oval Office of the White House in Washington, Feb. 2, 2026.
Saul Loeb | Afp | Getty Images
U.S.-listed rare earth producers rose in premarket trading on Tuesday after President Donald Trump’s company announcement. important mineral reserves.
Critical metals 6.3% higher, USA Rare Earth increased by 4.7% and Materials of MP increased by almost 4 percent. shares Energy fuels was 3.6% higher, while Idaho Strategic Resources increased by 6.2%.
The moves came after Trump on Monday revealed details of Project Vault, the first strategic mineral fund developed for the US private sector.
A White House official said the plan would pool $1.67 billion in private capital through a $10 billion loan from the Export-Import Bank of the United States.
China is the undisputed leader in the essential minerals supply chain, responsible for approximately 60% of the world’s rare earth production and more than 90% of magnetic production.
A group of critical minerals, the rare earths belong to the 17 elements in the periodic table with atomic structures that give them special magnetic properties. These materials are essential components of a wide range of modern technologies, from everyday electronics. such as smartphonesfor electric vehicles and military equipment.
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— CNBC’s Yoon Lee contributed to this report.