--- title: "U.S. stock market midday update: Critical Metals up 27.45%, Greenland approves acquisition of rare earth mining rights boosting stock price surge" type: "News" locale: "en" url: "https://longbridge.com/en/news/283154858.md" description: "Critical Metals rose 27.45%; USA Rare Earth rose 6.35%, with a transaction volume of USD 4.589 million; MP Materials rose 1.38%, with a transaction volume of USD 3.732 million; Rio Tinto rose 0.37%, with a transaction volume of USD 2.734 million; BHP rose 0.74%, with a market value of USD 203.4 billion" datetime: "2026-04-17T13:38:25.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283154858.md) - [en](https://longbridge.com/en/news/283154858.md) - [zh-HK](https://longbridge.com/zh-HK/news/283154858.md) --- # U.S. stock market midday update: Critical Metals up 27.45%, Greenland approves acquisition of rare earth mining rights boosting stock price surge **U.S. Stock Market Midday Update** Critical Metals rose 27.45%. Based on recent key news: 1. On April 17, the Greenland government approved Critical Metals' acquisition of the remaining 50.5% stake in the Tanbreez rare earth mine, bringing its total ownership to 92.5%. This move gives the company majority control over the world's largest rare earth deposit, driving the stock price up by 22.4%. Source: Reuters 2. On April 17, Critical Metals' stock price rose 23% in pre-market trading to $11.35. The Greenland Ministry of Mineral Resources and Business approved the indirect transfer of the Tanbreez mining license, further solidifying the company's position in the rare earth development sector. Source: Bloomberg 3. On April 17, Critical Metals announced a non-binding letter of intent with the Export-Import Bank of the United States, potentially securing up to $120 million in financing support to accelerate activities at the Tanbreez project. This move is driven by Western governments and industries seeking to diversify the rare earth supply chain. Source: WSJ The demand in the rare earth industry is strong, and the trend towards supply chain diversification is evident. **Top Stocks by Industry Transaction Volume** USA Rare Earth rose 6.35%. Based on recent key news: 1. On April 15, USA Rare Earth completed its first batch of commercial-grade yttrium metal casting with a purity of 99%, driving the stock price up. This move makes the company one of the few outside of China to produce commercial-grade yttrium metal, enhancing its supply capabilities in the aerospace and defense sectors. 2. On April 16, USA Rare Earth partnered with engineering giant Hatch, further boosting market confidence in the U.S. rare earth manufacturing system. This collaboration focuses on technological breakthroughs in yttrium, aiming to reshape supply chain dominance, resulting in a stock price increase against the trend. 3. On April 17, USA Rare Earth issued a press release emphasizing its globalization strategy and acquisition goals for the French industrial chain, further consolidating its market position. The company plans to leverage the yttrium extraction capabilities of the Round Top project to serve clients seeking to reduce reliance on a single supply source. The strategic position of the rare earth industry is elevated, with significant geopolitical impacts. MP Materials rose 1.38%. Based on recent key news: 1. On April 16, MP Materials achieved an annualized return of 16.75% over the past five years, outperforming the market. The company's market capitalization reached $10.63 billion, demonstrating its strong performance in the market. 2. On April 16, analysis from Simply Wall St indicated that MP Materials has performed well in the long term, although it did not provide specific buy or sell recommendations, it highlighted its analysis driven by fundamental data On April 16, The Motley Fool recommended MP Materials, highlighting its outstanding performance in the market and emphasizing its strategic position in the rare earth materials sector. The demand in the rare earth industry is growing, and market attention is increasing. Rio Tinto rose by 0.37%, with increased trading volume. Based on recent key news: 1. On April 16, Rio Tinto advanced operations in Kitimat, with a new delivery system expected to transport approximately 800,000 tons of alumina annually, enhancing production efficiency and driving up stock prices. Source: Business Wire 2. On April 15, an Australian court ruled that Rio Tinto must pay royalties for its iron ore mines. Despite facing financial pressure, the market remains optimistic about its coping ability. Source: Reuters 3. On April 15, Morgan Stanley raised Rio Tinto's target stock price by 12% to AUD 163.00 per share, with analysts holding a positive outlook on its future performance. Source: Morgan Stanley **Stocks ranked among the top in industry market capitalization** BHP rose by 0.74%. Based on recent key news: 1. On April 17, BHP signed a memorandum of cooperation with a Chinese company to deepen mining technology collaboration, promote technological advancement, and enhance market confidence. 2. On April 15, Macquarie raised BHP's target stock price to AUD 53.00 per share, reflecting optimistic market expectations for the company's prospects. 3. On April 14, China lifted its ban on purchasing iron ore from BHP, ending the dispute and restoring supply, which drove up stock prices. 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