"Critical Metals ( NASDAQ:CRML ) has surged 115% so far in 2026, and the year is not even two weeks old yet. The stock had also climbed another 12% in premarket trading this morning - before declining 5% at the market open - as investors are betting on it becoming a major player in rare earths minerals. Critical Metals focuses on developing these resources that are vital for technology and defense, yet it still lacks an operational mine and likely won't have one for some time."
"Yet with Critical Metals still in its pre-commercialization phase, is this investor enthusiasm really warranted? Rare earths have emerged as a central focus for Trump, who views them as essential for national security. These elements are key in defense applications like jet engines, missile guidance, and radar systems, not to mention industries like tech and auto that rely heavily upon them."
"Last year, the U.S. government took a stake in MP Materials ( ) through an investment to bolster domestic production. This move escalated rhetoric on acquiring Greenland, rich in these minerals, via diplomacy or, if needed, force to prevent Russia and China from acquiring them. Trump has stated the U.S. will gain control of Greenland "one way or the other" for security reasons, preferring a deal but not ruling out military options."
Critical Metals (NASDAQ:CRML) has experienced a sharp 115% rally in early 2026, with intraday volatility tied to premarket gains and a market-open pullback. The rally intensified after approval to construct a pilot plant for the Tanbreez project in southern Greenland. Investor interest is amplified by geopolitical rhetoric from President Trump about securing Greenland's mineral resources, including rare earths critical to defense, technology, and automotive industries. The U.S. has moved to bolster domestic rare-earth production, including a stake in MP Materials. Critical Metals remains pre-commercial without an operational mine, so near-term production and supply contributions are uncertain.
Read at 24/7 Wall St.
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