Just saw the “Immediate Measures” mining order from Trump. ROCK AND STONE!
Basically what the title says. Trump signed an executive order called “Immediate Measures to Increase American Mineral Production.”
• Federal financing for U.S. mining companies;
• Agencies told to stop dragging their feet and approve domestic projects;
• Target minerals: lithium, nickel, copper, rare earths — i.e., all the stuff China dominates and the U.S. suddenly cares about;
• Bonus points if your mine doesn’t kill too many fish.
**MP Materials (MP)** and **Freeport-McMoRan (FCX)** raised from the dead, European **Rio Tinto (RIO.L)** and **Anglo American (AAL.L)** caught a bid today after copper prices bounced. Even Germany remembered how to manufacture things.
Are you going to nibble on some of that or do you think it’s just a political theater? I’ve put some in MP personally.