• The move higher for U.S.-listed rare earth miners comes shortly after President Donald Trump announced the launch of a strategic minerals stockpile.

Known as Project Vault, the proposal is expected to combine nearly $2 billion of private capital with a $10 billion loan from the U.S. Export-Import Bank.

• Rare earths have come to the fore as a key bargaining chip in the geopolitical rivalry between Washington and Beijing.

U.S.-listed rare earth miners surged on Tuesday, following President Donald Trump's announcement to establish a critical mineral reserve.

Critical Metals advanced more than 10%, USA Rare Earth rose nearly 11%, and MP Materials gained about 4%. Shares of Energy Fuels werea about 8% higher, while Idaho Strategic Resources popped more than 3% and NioCorp Developments rose nearly 10%.