Rare earth stocks moved higher early Wednesday after a White House statement confirmed the US is actively discussing options to acquire Greenland, including the possible use of military force.
Shares of MP Materials $MP ( ▼ 2.3% ) , Critical Metals $CRML ( ▼ 2.04% ) , USA Rare Earth $USAR ( ▼ 2.68% ) , and United States Antimony Corp. $UAMY ( ▼ 5.49% ) all caught a bid following the comments, as investors reacted to the strategic implications for critical mineral supply chains.
Greenland back in the spotlight
President Trump has pushed the idea of acquiring Greenland since his first term, citing its vast reserves of rare earth elements and its strategic location in the Arctic. On Tuesday, the White House told the BBC that the effort is considered a “national security priority.”
Press Secretary Karoline Leavitt said the president and his team are discussing “a range of options” to pursue the goal, adding that using the US military is “always an option at the Commander in Chief’s disposal.” The comments followed earlier remarks from Secretary of State Marco Rubio, who had downplayed the likelihood of military action.
Europe pushes back
The statement drew swift reaction from European leaders. Officials from Germany, France, and the UK, along with other NATO members, released a joint response emphasizing that Arctic security must be handled collectively and that decisions regarding Greenland rest solely with Denmark and Greenland.
Despite the diplomatic pushback, markets focused on what a renewed US interest could mean for access to rare earth resources, which are critical for defense systems, electric vehicles, and advanced electronics.
Critical Metals leads the move
Critical Metals $CRML ( ▼ 2.04% ) stood out among the group, extending gains after jumping roughly 26% the previous session. The company’s Tanbreez project is located in southern Greenland and is considered one of the most directly exposed assets to any change in US involvement in the region.
The company has said its Tanbreez project contains a diverse mix of high demand rare earth elements, and reports have previously suggested the Trump administration has expressed interest in taking a stake.
For now, the rally reflects speculation rather than concrete policy, but the comments were enough to reignite enthusiasm across the rare earth space.