Rare Earth Stocks Surge as U.S. Eyes Strategic Stockpile; Africa and Brazil Poised to Benefit

(3 Minutes Read)

Rare earth stocks have soared following reports that the U.S. plans to build a strategic stockpile in response to China’s tightening export controls. China currently processes about 90% of global rare earths, exposing countries like the U.S. to supply risks.

MP Materials, which operates the Mountain Pass mine in Nevada, jumped over 20% after the news. The company is expanding its domestic capabilities with a new magnet plant in Texas. Australian-listed St George Mining surged 50%, advancing its high-grade Araxá project in Brazil. Executive chairman John Prineas warned of the West’s continued reliance on Chinese processing.

Brazil is emerging as a key non-Chinese supplier, with players like Meteoric Resources, Viridis Mining, and MAGBRAS pushing to develop magnet supply chains. Projects like Brazilian Critical Minerals’ Ema, with strong economics and rapid development potential, are gaining traction.

Established producers like Lynas also saw renewed interest, while other juniors, including Axel REE and Meteoric, are progressing promising Brazilian assets.

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 Africa, rich in rare earths, could also benefit, with countries like Namibia showing strong potential under stable governance. Despite challenges, global supply chain shifts offer Africa a strategic opportunity to grow its role in rare earths production.