USA Rare Earth Stock Surges Amid China Export Concerns
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BTCCSquare news:
USA Rare Earth (USAR) surged 15% in Thursday's trading, defying broader market declines as the S&P 500 dipped 0.6%. The rally stems from China's planned rare-earth export restrictions to the U.S., positioning USAR as a potential domestic alternative.
With China controlling 70% of global rare-earth supply, geopolitical tensions could accelerate U.S. efforts to develop independent sources. USAR's Stillwater facility is slated for production next year, though the pre-revenue company remains a high-risk bet on America's mineral independence.
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