USA Rare Earth stock is soaring on Trump's latest push to shore up domestic supply chains

US Commerce Secretary Howard Lutnick speaks next to President Trump at the White House.

Leah Millis/REUTERS

• USA Rare Earth stock surged on Monday on news of an investment from the US Department of Commerce.
• The company will extract critical minerals from its Round Top mine in West Texas by 2030.
• This move aligns with the White House strategy to boost America's supply of rare earth materials.

The move: USA Rare Earth stock jumped 20% on Monday, extending its rally from the previous Friday's close.