We recently published Monstrous Gains: 10 Stocks Leaving Wall Street in the Dust.Critical Metals Corp. (NASDAQ:CRML) is one of the best performers on Tuesday.
Critical Metals extended its winning streak to a 5th straight day on Tuesday to climb to a new all-time high as investors continued to gobble up shares in industries tied to JPMorgan’s $1.5 trillion investment program over the next 10 years.
In intra-day trading, Critical Metals Corp. (NASDAQ:CRML) soared to a new all-time high of $32.15 before trimming gains to end the day just up by 28.74 percent at $29.97 apiece.
In a statement on Monday, JPMorgan said that some $10 billion of its trillion-dollar investment program will be allocated to support companies vital for the US economic security and resiliency, including critical minerals mining and processing.
“Reshoring key industries and building robust, redundant supply networks will safeguard against global disruptions, reduce dependence on potential adversaries and counterparties, and drive productivity growth in critical areas,” JPMorgan said.
The said investment supports the US government’s plan to prop up domestic manufacturing and reduce reliance on imports.
Photo by Frédéric Paulussen on Unsplash
In other news, Critical Metals Corp. (NASDAQ:CRML) announced last week that it inked separate agreements with REalloys and Ucore Rare Metals for the supply of 15 percent and 10 percent, respectively, of minerals produced from its Tanbreez project in Greenland.
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Disclosure: None. This article is originally published at Insider Monkey.