Critical-resources stocks rallied Friday morning despite little movement in the broader market, with USA Rare Earth up 8% to $18.40, Critical Metals up 10% to $6.37, MP Materials up 5% to $58 and United States Antimony up 4% to $5.48. The VanEck Rare Earth and Strategic Metals ETF rose 6% to $80.28, outperforming the S&P 500, up 0.3%, and the NASDAQ 100, up 0.1%. There was no fresh company news behind the moves, which reflected a sector rotation into hard assets, initially appearing in the least liquid names. Gold gained 1.63% over 24 hours to $4,646.10 per ounce while the U.S. dollar index fell 0.2%, after a bond selloff pushed the 30-year Treasury yield to 5.19%, its highest level since 2007 and the 94.4 percentile of its one-year range. The backdrop also included U.S. debt exceeding $40 trillion and a Treasury decision to double its bond buybacks. USA Rare Earth remains heavily valued on future prospects, while Critical Metals is pre-revenue and offers the most leveraged exposure to sector momentum. MP Materials, which produces at scale, has more operational support, and United States Antimony is benefiting from the same policy theme after authorizing a buyback of up to $100 million. The ETF’s concentration in mining and processing companies creates single-country policy and small-cap risks. Investors are watching whether the rally holds into the close, along with follow-through in gold and long-term Treasury yields; a recovery in the dollar or retreat in yields could weaken the trade.