US EditionUSA Rare Earth Stock Jumps On White House Talks - USA Rare Earth (NASDAQ:USAR)
USA Rare Earth's stock surged 23% Thursday and 13% Friday premarket as CEO Barbara Humpton confirmed talks with the Trump administration to reduce U.S. reliance on China.
- USA Rare Earth CEO Barbara Humpton stated on Thursday that the company is actively engaging with the White House about a potential partnership.
- This follows the Trump administration's increased equity investments in peers like MP Materials and Lithium Americas to strengthen the U.S. rare earth supply chain.
- USA Rare Earth is advancing a mining operation in Sierra Blanca, Texas, alongside plans for a rare earth magnet manufacturing plant located in Stillwater, Oklahoma, aimed at strengthening the domestic supply chain.
- Shares of USA Rare Earth surged 23% on Thursday and climbed another 14% in Friday premarket after the CEO's comments sparked investor enthusiasm.
- The engagement indicates broader government efforts to reduce reliance on China by fostering cooperation among multiple companies in America’s critical minerals sector.
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Why Shares of USA Rare Earth Are Skyrocketing Today @themotleyfool #stocks $USAR $^DJI $^GSPC
Key PointsUSA Rare Earth's CEO teased the potential for the company to ink a deal with the Trump administration.Rare earth peer MP Materials received an equity investment from the U.S. government in July.USA Rare Earth doesn't generate revenue, so investors with low tolerances for risk should avoid the stock at this point.10 stocks we like better than USA Rare Earth › Ending the week on a bullish note, USA Rare Earth (NASDAQ: USAR) stock is soar…
USA Rare Earth Stock Surges on White House Talks
Shares of USA Rare Earth (NASDAQ: USAR), which looks to develop a domestic rare earth magnet supply chain, surged by 23% late on Thursday and another 14% in pre-trade on Friday after the company’s chief executive said USA Rare Earth is in “close communication” with the White House. The Trump Administration is increasingly looking to have a direct equity involvement in America’s critical minerals supply chain, in the race to close the gap with t…
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