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- Critical Metals Rises 4% on Trump’s Greenland Mineral Exploration Plan; USA Rare Earth Declines 3%, MP Materials Slips 2%
Critical Metals (CRML) rose 4% to $6.80 in morning trading after President Donald Trump said large-scale oil, gas and mineral exploration is preparing to begin in Greenland, though he named no projects, operators or timetable. It is the only one of three closely followed U.S.-listed rare earth stocks with a project on the island, the Tanbreez project in southern Greenland, which the company says contains 19 critical elements and holds the only rare-earth exploitation permit there. Peers fell, with MP Materials down 2% to $41.71, USA Rare Earth down 3% to $10.95, and the VanEck Rare Earth and Strategic Metals ETF (REMX) down 1% to $56.96. The article notes Critical Metals is a development-stage company with no operating revenue and substantial going-concern doubt, and that the gain rests on a broad policy signal until a formal program names Tanbreez.
- IMF says Japan to fall to sixth in world GDP rankings behind India , Britain
The IMF projects Japan will fall to sixth place in world GDP rankings, behind India and Britain, after slipping to fourth place in 2023. According to the World Economic Outlook, Japan's nominal GDP is projected at US$4.3419 trillion in 2026 and US$4.4676 trillion in 2027, based on an exchange rate of about 158 yen to the dollar amid the yen's continued weakness and sluggish growth. India's GDP is expected to reach US$4.5211 trillion in 2027, rising from sixth to fourth place, while Britain's is forecast at US$4.4889 trillion in 2027, even though the April report had projected Britain would overtake Japan in 2029. Real growth is projected at 0.7% for Japan in both 2026 and 2027, 7% for India on a fiscal year basis, and 1.3% in 2026 and 1.2% in 2027 for Britain.
- India to overtake Japan as world fourth largest economy in 2027 : IMF projections
The IMF projects India will overtake Japan to become the world's fourth-largest economy in 2027, behind the United States, China and Germany. Japan is forecast to grow just 0.7% in 2026, amid consumer price increases since spring 2022, higher energy costs linked to the Iran war, a weak yen and an ageing population. The IMF also welcomed India's revised GDP methodology as consistent with international best practice, though it said there was still room for improvement. The debate continues over India's 7.8% growth in the June quarter: former finance secretary S C Garg alleged the figure was artificially boosted by compressing the prior year's data, while Chief Economic Adviser V Anantha Nageswaran rejected the criticism as “cherry-picking”.
- IMF backs India revised GDP methodology, projects it to overtake Japan as 4th-largest economy in 2027
The IMF projects that India will become the world's fourth-largest economy in 2027, overtaking Japan, and endorsed India's revised GDP methodology as consistent with international best practice. Krishna Srinivasan, director of the IMF's Asia and Pacific Department, called the revision a welcome development and praised the Ministry of Statistics and Programme Implementation (MoSPI), while noting there is still room for improvement. The endorsement comes amid a row over the 7.8% growth in the June quarter, which former finance secretary S C Garg questioned, alleging the previous year's figures were compressed; Chief Economic Adviser V Anantha Nageswaran rejected this as cherry-picking. The IMF raised its 2026 growth forecast for India to 7%, while Japan is projected to grow just 0.7% amid energy costs, inflation and an ageing population, and will slip behind India and the UK in 2027.
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