Shares of USA Rare Earth ( USAR ) surged for a second straight session Tuesday following a report that President Donald Trump intends to stockpile critical deep-sea metals to counter China.

Shares of the Stillwater, Okla.-based company soared 41% yesterday after the Financial Times reported over the weekend that the Trump administration was "drafting an executive order to enable the stockpiling of metal found on the Pacific Ocean seabed, in an effort to counter China's dominance of battery minerals and rare earth supply chains."

USA Rare Earth, whose stock jumped a further 26% in intraday trading Tuesday, did not immediately respond to an Investopedia request for comment.

Alexander Gray, an Asia expert who served in the first Trump administration, told the FT that "catalyzing U.S. government focus on the areas of greatest vulnerability to (People's Republic of China) ambitions is essential," as China views the deep seabed as "a front line in economic and military competition with the U.S."

Shares of USA Rare Earth had been down about 28% in 2025 until this week's surge.

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