Energy Fuels Surges Amid U.S.-China Rare-Earth Trade Tensions
Energy Fuels (UUUU) soared 12.3% on Tuesday, marking its third consecutive double-digit gain. The rally follows escalating U.S.-China trade tensions, particularly around rare-earth elements. China's latest sanctions on South Korean shipping firms signal further trade restrictions, amplifying demand for Energy Fuels' WHITE Mesa mill—the sole U.S. facility capable of processing critical minerals like monazite.
Rare-earth elements, vital for industrial and military applications, remain dominated by China, which controls 90% of global processing capacity. Energy Fuels' strategic positioning has fueled a 420% year-to-date surge as investors bet on domestic supply chain resilience.