Cleveland-Cliffs Stock Rises on Steel Sales Rebound, Rare-Earth Minerals Push
Dow Jones
Oct 20, 2025
Cleveland-Cliffs reported rising demand for its steel and said it will explore producing rare-earth minerals as the Trump administration's trade policy rewards its U.S. footprint.
Lourenco Goncalves, chief executive of the Cleveland-based steel company, on Monday directly credited the Trump administration's trade policy, which includes a 50% tariff on steel, for helping it seal new steel-supply deals with major auto companies.
Cleveland-Cliffs is now looking to expand into domestic rare-earth metal production, examining mining sites in Michigan and Minnesota, Goncalves said.
Shares rose 16% in premarket trading to $15.4. Through Friday's close, the stock was up more than 40% this year.
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