by Ian Cooper

President Trump just signed an order boosting deep-sea mining for rare earth metals.

In fact, as noted by CNBC, “The United States has a core national security and economic interest in maintaining leadership in deep sea science and technology and seabed mineral resources,” Trump said in the executive order.”

The unilateral action is intended “to counter China’s growing influence over seabed mineral resources,” strengthen partnerships with allies and ensure U.S. firms are “well positioned” to support those interested in developing seabed minerals responsibly,” they added.

For years, the U.S. has been overly dependent on China, which controls about 80% of the world’s rare earth supply. However, as we’ve learned the hard way, that has to change.

After all, without rare earths, the world can’t produce the millions of electric vehicles government leaders want on the roads. We can’t produce smartphones, computers, flat panel televisions, wind turbines, electric vehicle batteries, computer chips, defense equipment, semiconductors, digital cameras, or catalytic converters.

Even the U.S. Department of Defense could run low on rare earths for rare earths and other warfighting products.

With the new order, here are just a few rare earth stocks you may want to consider.

USA Rare Earth (SYM: USAR)

USA Rare Earth, a leader in mining, processing and supplying rare earths is seeing significant buy interest. For one, analysts at Benchmark have a buy rating on the USAR stock with a price target of $15 per share. The firm cites a recent executive order from President Trump that prioritizes the development of rare earths in the United States.

They also cited the company’s commercial production of rare earth magnets by 2026.

According to Metal Tech News, “USA Rare Earth’s Oklahoma plant is expected to produce 1,200 metric tons of neodymium magnets during the first phase of commercial production, which is expected to be reached next year. The company plans to expand the facility’s capacity to nearly 5,000 tons per year in future phases.”

Once up and running, the plant is expected to support revenue of $700 million to $800 million in estimated annual revenue.

Lynas Rare Earth (SYM: LYSCF)

Another way to trade that is with Lynas Rare Earth, which engages in the exploration, development, mining, extraction, and processing of rare earth minerals primarily in Australia and Malaysia. The company holds an interest in the Mount Weld project, Western Australia.

For quite some time, Australia has been positioning itself as a key supplier of rare earths.

Unfortunately, China’s dominance has made it difficult for Australia to be a key provider. However, with the latest China ban, Australia and companies like Lynas Rare Earth are now ideally positioned to take advantage of the situation.

MP Materials (SYM: MP)

There’s also MP Materials, U.S. rare-earth materials company that owns and operates the Mountain Pass mine, the only operating rare earth mine and processing facility in the country.

Helping, the company was awarded a $35 million contract with the U.S. Department of Defense to process rare earth metals in the U.S. In addition, its magnet volume production is set to begin at the end of this year. All of which strongly positions the company for big growth.

Also, we have to consider that MP Material’s goal is to grow its production from 45,000 metric tons in 2024 to more than 60,000 tons by 2029.