Trilogy Metals Soars 12.09% on Trump Tariffs, Defense Funding

Trilogy Metals Inc. (TMQ) experienced a significant surge in its stock price, rising 12.09% in pre-market trading on July 15, 2025. This notable increase can be attributed to the broader market sentiment and strategic developments in the critical minerals sector.

The recent surge in Trilogy Metals' stock price is part of a broader trend in the critical minerals sector, driven by the Trump administration's renewed focus on securing America's essential materials supply network. The implementation of a 50% tariff on American copper purchases from abroad and substantial funding arrangements by the United States Department of Defense for vertically integrated American rare earths manufacturer MP Materials Corp. have sparked impressive market movements among smaller mining operations with American critical minerals assets.

Trilogy Metals, along with other U.S. copper miners, is poised to benefit from the Trump administration's commitment to revitalizing and incentivizing U.S. critical minerals production. The administration's policies aim to enhance American self-sufficiency for defense technology manufacturing, directly addressing vulnerabilities in national security supply networks. This strategic pivot is expected to attract private capital to construct a comprehensive U.S. production line for vital military components, from extraction through magnet production.

Investors are increasingly optimistic about the prospects of U.S. copper developers, including Trilogy Metals, as the copper price continues to trade at an all-time high. The 50% Trump tariff on copper imports is expected to strongly incentivize domestic copper cathode production, further boosting the valuations of companies like Trilogy Metals. The company's strategic position in the critical minerals sector, coupled with the improving federal permitting environment, positions it well for future growth and investor interest.