
Shares of The Metals Company (NASDAQ:TMC) are rising Thursday afternoon, hitting a new 52-week high as investors flock to domestic rare earth and battery metal stocks. Here’s what you need to know.
What To Know: The rally is fueled by a dual catalyst of potential U.S. government backing and fresh export restrictions from China. Earlier this week, reports that the Trump administration was interested in direct investments in the strategic metals sector triggered a rally, with The Metals Company highlighted as a key beneficiary. This momentum intensified Thursday as China, a dominant global supplier, announced it was tightening controls over its rare earth exports.