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Here's Why Critical Metals Stock Jumped This Week

TheMotleyFool

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Here's Why Critical Metals Stock Jumped This Week: https://g.foolcdn.com/editorial/images/851492/mining-critical-minerals.jpg

Shares of Critical Metals Corp. (NASDAQ: CRML) have been on a roll for the last month. The stock has surged 123% over that period, including nearly 20% this week, according to data provided by S&P Global Market Intelligence.

The sector has been under a microscope as geopolitical drama plays out regarding who controls critical minerals for crucial industries, including cutting-edge technology and electronics, electric vehicles (EVs), and aerospace and defense.

This week, Critical Metals announced plans for a joint venture to create a $1.5 billion rare-earth mineral processing facility in Saudi Arabia.

Source Fool.com