Cleveland-Cliffs (CLF) shares surged over 20% today as the company eyes rare earth mining expansion. Recent exploration in Michigan and Minnesota shows potential. Stock is up 170% from the year low. Trade tensions with China make domestic rare earth efforts crucial for national security interests.

With China controlling 70% of the rare earth market, Cleveland-Cliffs’ move is strategic. Trump administration supports domestic mining. Despite lower-than-expected Q3 revenue, CLF saw positives in steel shipments. Reduced capital spending and new MOU with steel producer boost outlook for CLF stock.

Analysts remain bullish on Cleveland-Cliffs, expecting stock to climb in 2026. While some foresee downside, rare earth news may prompt positive revisions. AI-generated article reviewed by editor, providing informational purposes only. Editor has no positions in mentioned securities. Visit Barchart.com for original article.

Read more at Yahoo Finance: Cleveland-Cliffs Wants to Get Into Rare Earth Mining. Should You Buy CLF Stock Here?