Cleveland-Cliffs Inks ‘Highly’ Profitable Pact, Eyes Rare Earth Deposit. The Stock Is Jumping.

Cleveland-Cliffs (CLF) credited Trump tariffs for a new pact with a “major global steel producer” that will be “highly accretive” to per-share profits, CEO Lourenco Goncalves said Monday in an earnings statement. He also said that two of its mining assets are promising targets for rare earth minerals. CLF stock jumped in early stock market action, after posting a Q3…