US Stock Market Move | Rare earth concept stocks strengthen, Perpetua Resources (PPTA.US) surges by 10%.

On Thursday, rare earth concept stocks performed strongly, with Perpetua Resources (PPTA.US) soaring 10%, TMC the Metals (TMC.US) rising over 4%, Cleveland-Cliffs (CLF.US) increasing by over 3%, and MP Materials (MP.US) and USA Rare Earth (USAR.US) up over 1%. In terms of news, on December 9th, Perpetua Resources announced a partnership with the Idaho National Laboratory to build a modular pilot processing plant aimed at recovering key minerals such as antimony for defense applications, in order to enhance domestic defense mineral processing capabilities. The company owns the Stibnite Gold project, with an expected production of nearly 150 million pounds of antimony over the mine's lifecycle, supporting the defense mineral supply chain and the production of military-grade antimony trisulfide.