These Rare-Earth Stocks Could Benefit as Trump and China Feud Over Greenland
Greenland is a self-governing territory of Denmark, a NATO ally of the United States. That has not stopped President Trump from saying he wants the island. The island possesses 39 of the 50 minerals the United States has classified as critical to national security.
The dispute between the United States and China over Greenland has sparked interest in rare-earth stocks. These minerals are essential for the production of electronics, renewable energy technologies, and other critical infrastructure.
According to a report by CNBC, the rare-earth market has been growing rapidly in recent years. The report states that the market is expected to reach $12.5 billion by 2025, up from $8.5 billion in 2020.
The rare-earth stocks that could benefit from the dispute between the United States and China over Greenland include:
- ioneer (INR)
- MP Materials (MP)
- Neo Performance Materials (NEO)
- Rare Element Resources (REE)
- Ucore Rare Metals (UCU)
These companies are involved in the production and processing of rare-earth minerals, and their stocks have been performing well in recent months.
The dispute between the United States and China over Greenland is a complex issue, and it is difficult to predict the outcome. However, it is clear that the rare-earth market is likely to be affected by the dispute.
Sources
[2] These rare-earth stocks could benefit as Trump and China feud over Greenland