Antofagasta plc

Glencore plc

BHP Group Limited

Rally boosts investor interest in defensive assets amid inflation and geopolitical risks

Copper price soars 9%, gold continues to rise. Who benefits from the rally?

Rio Tinto Group

The deal will turn Rio Tinto into the world's most expensive mining company

Rio Tinto has resumed talks to buy Glencore. Why are investors concerned? 

MP Materials Corp.

USA Rare Earth, Inc.

Alcoa Corporation

U.S. President Donald Trump and Australian Prime Minister Anthony Albanize signed a critical minerals cooperation agreement on October 20 that includes projects worth up to $8.5 billion, CNBC <a href="https://www.cnbc.com/2025/10/20/trump-australia-albanese-minerals-rare-earths-china.html">reported</a>. The recoverable resources under these projects are estimated at about $53 billion, the White House <a href="https://www.whitehouse.gov/fact-sheets/2025/10/fact-sheet-president-donald-j-trump-closes-billion-dollar-deals-with-australia">said</a>. Over the next six months, the two states will each allocate $1 billion to projects that are ready to launch now, Albanize told reporters following his meeting with Trump. This includes the fact that the U.S. will invest in the processing of rare earth elements in Australia.

U.S. and Australia to invest $8.5 billion in critical metals production

Trilogy Metals Inc.

Lithium Americas Corp.

Shares of Canadian mining company Trilogy Metals have surged more than 190% in early trading today, October 7. The small-cap miner became the latest beneficiary of the Trump administration’s campaign to secure domestic critical minerals: Washington will invest $35.6 million in the company and receive a 10% equity stake. Similar U.S. government investments in the sector have already triggered rallies in MP Materials and Lithium Americas.

Shares of small-cap Trilogy Metals soar 190% as U.S. takes 10% strategic stake

Analysts are split on their views about the deal

Lithium Americas doubles on government stake news, but some think the gains overdone

Teck Resources Limited

Anglo American plc

The securities of both parties to the deal soared in value

Mining industry