Rare Earth Stocks Rally on Signs Trump Supports Sector (1)

US stocks linked to rare earth metals and other critical minerals gained this week, getting a boost from signs that the Trump administration will favor a sector that’s become a flashpoint in the trade standoff between the US and China.

Rare-earth magnet player USA Rare Earth Inc. jumped 70% in the short trading week. TMC The Metals Company Inc., a Vancouver-based company that’s seeking permission from the US to gather critical metals at the bottom of the ocean, gained 52%.

Shares of MP Materials Corp., a miner and refiner of rare earth elements, rose 16% this week in ...