The stock market moved lower last week due to President Donald Trump's earlier threats to annex Greenland, but specific sectors have rebounded even higher once military action started looking unlikely. Trump said he would no longer impose his new tariffs aimed at Europe. He instead announced a "framework" deal, which will give the U.S. control over limited areas of Greenland relevant to American strategic interests.
Critical Metals (CRML) jumped immediately. This company is involved in the Tanbreez rare earths project in Greenland. This is a project that is linked mostly to the Saudi government but could garner attention from the Trump administration. Greenland as a whole has significant rare earth resources, and Critical Metals is one of the only companies with on-the-ground experience there.
