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Benzinga
Benzinga
Business
Erica Kollmann

Cleveland-Cliffs Explores Rare Earths — Stock Soars

Earth ClevelandCliffs CLF Lourenco Goncalves Mining JPMorgan
Konskie,,Poland,-,March,06,,2025:,Cleveland-cliffs,Inc,Company,Logo

Cleveland-Cliffs, Inc. (NYSE:CLF) third-quarter earnings call highlighted a new strategic direction: the company is actively exploring the potential of rare earth minerals within its mining operations. 

The news sent shares surging, as investors took stock of Cleveland-Cliffs' move to diversify its resource base and possibly enter the high-value, geopolitically strategic market segment.

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