Non-ferrous metals diverged into two lines today: rare earths and copper are rising, while gold and uranium are falling.

Critical Metals rose over eight percentage points, both American Rare Earths and Zijin Mining rose about five points. The narrative of rare earth supply chain security coupled with stable copper prices is attracting capital flow; Newmont Mining fell slightly, Energy Fuels fell over three points, while gold and uranium prices have paused these two days 😸. All are resource stocks; today, those tied to rising commodities are stronger.