US President Trump says announcing the creation of US strategic critical minerals reserve

Newsquawk Staff · 2 Feb 2026, 21:44 UTC

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What it means

Trump's announcement of a strategic critical minerals reserve signals a proactive stance on securing essential resources, which could have lasting implications for US industrial policy and supply chain security. This move is likely to bolster the USD as it indicates governmental support for domestic industries, while potentially impacting global commodity prices and geopolitical dynamics, particularly concerning energy and technology sectors. Traders should watch for reactions across related assets, including equities and commodities.

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US Market Open, 6 Nov, 10:48 UTC · what it led with

APAC stocks were pressured; KOSPI slumped 6% following hefty losses in Samsung and SK Hynix.
USD is firmer against all G10 peers awaiting the US NFP report.

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