Rare Earth Stocks Surge 130% in a Month... Today Plummets 11%

Critical Metals Corporation (CRML) traded on Nasdaq on the 26th, dipping intraday to around $18.30—a decline of 11.15% from the previous close—while volume surged past 23.92 million shares, signaling overheated trading. According to available data, its market capitalization stands at about $2.16 billion (roughly ₩2.8 trillion), meaning approximately $216 million (₩280 billion) was wiped out in a single session.

After rallying more than 130% over the past month, the stock’s volatility has spiked amid sector-wide swings driven by updates on the Greenland Tanbreez rare earth pilot plant approval and U.S. support measures for rare earth companies.

Critical Metals is an exploration and development company focused on rare earth and lithium projects, notably the Greenland Tanbreez rare earth deposit and the Wolfsberg lithium project in Austria. It aims to build a Western supply chain for critical minerals used in electric vehicles and defense industries. Headquartered in the British Virgin Islands as a subsidiary of Australian-listed European Lithium, the company has recently gained attention as a non-Chinese rare earth supplier through a Saudi refining joint venture valued at up to $1.5 billion (about ₩2 trillion) and long-term offtake and processing agreements with European partners, including Romania.