US Stock Market Move | Mining stocks are generally up, and Albemarle Corporation (ALB.US) from the United States is up 8%.

On Friday, mining stocks on Wall Street rose across the board, with Albemarle Corporation (ALB.US) up 8%, Trilogy Metals (TMQ.US) up more than 4%, and MP Materials (MP.US) up more than 2%. According to reports, the U.S. government is planning to increase its stake in key mineral companies. Jared Argen, Executive Director of the National Energy Dominance Commission, said at a forum in Washington, "The variety of companies coming to negotiate is diverse, and the reasons they put forward are also very compelling." It is reported that in the past year, the Trump administration has spent over $1 billion acquiring stakes in key minerals and mining companies, often driving up the share prices of those companies. These transactions include: the announcement in July of a $400 million exchange for a 15% stake in MP Materials (MP.US); the exchange of $670 million for a stake in magnet manufacturer Vulcan Materials Company (VMC.US); and the exchange of $35.6 million for a 10% stake in Canadian mineral exploration company Trilogy Metals (TMQ.US). The Trump administration announced in September that it would acquire a stake in Lithium Americas (LAC.US), which is developing the largest lithium deposit in the United States. This acquisition is part of the restructuring of the company's existing $2.23 billion loan agreement with the U.S. Energy Corp..