TMC the metals company (TMC) Hits New Record High as Govt Deals Spark Optimism for Critical Miners

We recently published 10 Hot Stocks Sparking Buying Frenzy. TMC the metals company Inc. (NASDAQ:TMC) is one of the best performers on Tuesday.

TMC extended its winning streak to a 5th consecutive day on Tuesday to hit a fresh record high, as investors turned optimistic for the overall critical mining industry, amid a series of investment deals with the US government.

In intra-day trading, TMC the metals company Inc. (NASDAQ:TMC) jumped to its highest 52-week high of $9.55 before paring gains to end the day just up by 20.21 percent at $9.28 apiece.

The rally was fueled by the US government’s various initiatives to bolster the domestic production of critical minerals, with the recent acquisition of significant stakes in mining companies, namely Lithium Americas and MP Materials.

Another miner, USA Rare Earth, confirmed that it was in talks with the Trump administration and that it was keeping it informed about its plans.

The investment deals spilled over to critical mining stocks, including TMC the metals company Inc. (NASDAQ:TMC), which produces nickel, cobalt, and copper, that are vital for the renewable energy and electric vehicle industries.

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Disclosure: None. This article is originally published at Insider Monkey.