Cleveland-Cliffs Stock Soars After Company Touts Plans to ‘Refocus’ Rare Earth Mining Efforts
Shares of Cleveland-Cliffs (CLF) rose as much as 24% early Monday morning after the company announced it would redouble efforts related to the extraction of rare earth minerals, which has become one of the hottest commodities trades on Wall Street this year. “Beyond steel production, the renewed importance of rare earths has led us to…