Shares of NioCorp and other U.S. rare earth miners are rising as the Trump administration focuses on a domestic supply chain independent from China, with rare earth stocks trading below targets. China’s export restrictions have increased urgency, and investors anticipate more government support for miners like NioCorp, positioning itself as a key player.

Treasury Secretary announced price floors for rare earths to combat Chinese market manipulation. China’s export restrictions on rare earth elements have given them leverage in trade negotiations. Investors expect the administration to replicate the MP Materials deal with other miners like USA Rare Earth, fueling speculation about future investments.

J.P. Morgan Chase commits up to $10 billion in critical minerals investments. The Defense Department is stockpiling $1 billion worth of critical minerals, highlighting the U.S.’s reliance on unreliable sources. NioCorp is pushing to break Chinese dominance by building a facility producing crucial rare earths. The administration’s focus on critical minerals is boosting NioCorp’s prospects.

NioCorp has raised $212.5 million and is working on securing a $780 million loan for its project. Discussions with institutional funds for $420 million in equity financing are ongoing. The company’s demonstration plant shows promising recovery rates, and construction is expected to align with the urgent need for heavy rare earths. Analysts see potential for NioCorp’s stock to rise further.

NioCorp’s shares surged recently but dipped today. Analysts believe there is still upside potential, with a $10.12 average price target, representing a 20% gain. Three out of four analysts recommend a “Strong Buy.” NioCorp’s construction timeline positions it well to start production by the end of the decade.

Read more at Yahoo Finance: This Rare Earths Stock Could Get a Major Trump Boost, and Analysts Think It Can Gain 40% From Here