Overview

• JPMorgan rolled out a $1.5 trillion initiative that includes up to $10 billion of direct equity investments with critical minerals listed as a top focus, reinforcing private capital support for the sector.
• Trading exploded across rare-earth names, with MP Materials up 21% Monday and logging about $4.7 billion in turnover—exceeding JPMorgan’s own stock—while premarket Tuesday saw further gains before some cooled.
• China tightened export controls that take effect December 1, requiring licenses for products containing more than 0.1% China‑sourced rare earths or made using Chinese extraction, refining, magnet or recycling technology.
• President Donald Trump announced 100% tariffs on Chinese imports effective November 1 in response to Beijing’s rare‑earth measures, though he later signaled the dispute could ease, keeping volatility elevated.
• Critical Metals surged after a letter of intent with REalloys for a 10‑year offtake covering 15% of expected Tanbreez output in Greenland, and the stock has more than doubled in two days as investors sought domestic and allied supply options.