Trilogy Metals (TMQ) experienced a dramatic surge in its stock price, soaring 67.99% during Tuesday's trading session. This significant uptick comes as rare earth stocks across the board are seeing substantial gains, driven by escalating trade tensions between the United States and China.

The catalyst for this remarkable movement appears to be China's recent imposition of additional export restrictions on rare earth materials. This move has prompted the U.S. and other countries to urgently seek independent supply chains for these critical resources, which are essential to various industries, including technology and defense. The Trump administration's strong support for the rare earth industry has further fueled investor interest in companies like Trilogy Metals.

Trilogy Metals, along with other rare earth element producers such as MP Materials Corp. (NYSE:MP) and Lithium Americas Corp. (NYSE:LAC), has been gaining attention following investments from the Trump administration. As geopolitical tensions rise and the importance of securing domestic rare earth supplies becomes increasingly apparent, investors are flocking to companies positioned to benefit from this trend, leading to the dramatic price increase observed in Trilogy Metals' stock.